The Return Of The Junkie Market [zero hedge]
ALTABA INC (AABA)
US:NASDAQ Investor Relations:
altaba.com/investor-relations
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Source: zero hedge
Via Dana Lyons' Tumblr,The following is a free look at the type of research posts regularly produced for members of The Lyons Share, in addition to the other Premium content.Yesterday saw a profusion of both new highs AND new lows on the NYSE — a condition that has often preceded poor stock market performance in the past. After a smooth, one-way ride higher to begin 2018, stocks finally hit a speed bump this week. And along with the moderate losses came some interesting developments related to the stock market and its associated statistics. One such development was the sudden profusion of both new 52-week highs and 52-week lows on the NYSE — a condition we’ve termed a “Junkie Market” in the past, i.e., lots of highs and lows.Specifically, both NYSE new highs and new lows came in at over 200 yesterday for just the 7th time ever. On a percentage basis, they each accounted for at least 7% of all issues traded on the NYSE. To put that into perspective, that was just the 5th time in the hi
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