Nasdaq % of stocks making new lows

We are in a bull market. There is no sign of it turning. One way to gauge that is to look at the following chart:

This chart shows the percentage of stocks in Nasdaq making new lows. See the spikes in early 2020, 2008 1999 when bear markets happened. See the current levels, it is very low. So the market breadth is robust and not many stocks are making new lows. These are signs of a bull market and till this chart deteriorates, let us enjoy the rally.

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