— Robert Lesnicki (@Robertlesnicki) December 12, 2019
Today’s Chart of the Day was shared on Twitter by Robert Lesnicki (@Robertlesnicki). It’s a histogram showing the number of new highs in the NYSE, minus the number of new lows. Robert points out that this breadth indicator printed its highest reading in over five years today. In addition, The NYSE Composite Index closed at an all-time high for the first time in nearly two years. When markets breakout like this, it’s healthy to see indicators like this one confirming the breakout. It shows that there is broad participation from the individual components of the index rather than being led by a small handful of names.