NHNL Observation

Following Jan 3 2022 the Nas took a nose dive, peaking again on Mar 29 2022 but about 1,200 points lower. So the bar for a Nasdaq stock to set a new 52 week high will be significantly lowered over the next two weeks.

So maybe we’ll see a NHNL bullish signal soon?

3 Likes

You may be right. We can already see a different pattern in the daily NHNL values since the first of the year.

4 Likes

My version of NHNL went bullish today. Interesting in that the Nasdaq set a new 2+ year low just last week.

Anyone know how close the GTR1 version is to turning bullish?

3 Likes

J3 - the classic version using EMA9 is not bullish, yet - still at -85 or so.
That said, it’s the highest since early December and before that going back to mid-August (at which point, of course that bear market rally ended abruptly.)

4 Likes