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Real Time Insight

One of my key indicators of froth is when markets are at a clear point of indecision, yet stocks, and I mean a whole bunch of them, are hitting new highs.

I took a quick look at New Highs vs New Lows (NHNL) just before I started writing this and the highs were crushing the lows, 504-57.  The other day level was just as strong... as well.  I can kind of see the strength yesterday as the market had two straight days of 100+ point moves on the Dow.

The last time the indicator was shifted the other way, with new lows stacking up more than new highs was in mid November.  At that time the NHNL reading was -333, and that was the start of a mini rally which has extended through today.

With the markets taking a bit of breather, and so many stocks hitting new highs, is it time to pull some chips back off the table?

Let your opinion be heard!

Zacks Releases Their 7 Best Stocks for September, 2014

These 7 were hand-picked from the list of 220 Zacks Rank #1 Strong Buys with earnings estimate revisions that are sweeping upward. Their stock prices are expected to rise sooner than the others.

Today, this Special Report is available to new Zacks.com visitors free of charge.

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