Starting to Bleed Into the Indices

It was just about two weeks ago that I discussed the number of stocks at new highs and why we needed to pay so much attention to this statistic. At the time, I discussed the financial and semiconductor sectors, noting that several of those indices' individual components had made lower highs -- which, as I explained, would eventually translate to lower highs in the indices.

Now, however, we must start paying attention to the number of stocks making new lows, which climbed during Wednesday's rout: There are now a handful more than there had been at the late-February market lows. At that point, the S&P had been almost 4% lower than it is now....401 more words left in this article. To read them, just click below and try Real Money FREE for 14 days.

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