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Clif Droke
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Clif Droke is the editor of the three times weekly Momentum Strategies Report newsletter, published since 1997, which covers U.S. equity markets and various stock sectors, natural resources, money supply and bank credit trends, the dollar and the U.S. economy. The forecasts are made using a... More
My company:
Publishing Concepts/ClifDroke.com
My book:
The Stock Market Cycles
  • Internal selling pressure
    One of the most important indications of internal strength or weakness on the NYSE is the number of stocks making new 52-week highs and lows.  It definitely pays to follow the new highs/new lows each day to gauge whether the buyers or the sellers have the upper hand.

    Whenever the number of stocks making new lows exceeds 40 it tends to indicate internal weakness, especially when this trend continues for more than say 3-4 days in a row.  One of the things I'm watching right now is the expansion in the number of new 52-week lows, which has been above 40 for the last three trading sessions.
     
    As I mentioned recently, investors might want to consider scaling back in their commitments until the internal trend shows clear signs of improving.  That would entail a reduction in the number of stocks making new lows, preferably below 40 per day. 
     
    [Excerpted from the 7/27/11 issue of Clif Droke's Momentum Strategies Report]
    Jul 29 12:36 PM | Link | Comment!
  • New radio interview
    Here's a link to an interview I did with Rob Graham of the Smartstox Radio program this week:


    We discussed gold and silver, mining shares, and the outlook for inflation/deflation.

    Clif
    Tags: gold, silver
    Jul 28 11:57 AM | Link | Comment!
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