Author: Ivanhoff

157 Stocks Closed at All-Time High

On the graph above, you can see $SPY plotted against a 10-day MA of the number of stocks closed at all-time highs.

The number of stocks at the all-time high list continues to expand, confirming the new high in the major market averages. By most breadth readings, the market looks overbought, just like last week. Eventually those readings will matter. In the meantime, it is better to concentrate on the individual stocks, as new leaders emerge daily.

Many retailers reported better than expected same store sales for June. As a result, we see quite a few new names from the sector on the all-time high list:

Apparel stores: $RUE $DSW $GCO $FINL

Department stores: $DDS $TJX

Discount stores: $PSMT $DLTR

See charts of the whole list here.

130 Stocks Closed at All-Time Highs

The leadership continues to expand in various sectors, led by Consumer Goods, Industrial Goods, Technology and Services.

The Restaurant group has the most representatives: $DPZ $DRI $CMG $BJRI $BWLD $SBUX $PNRA $CBOU,

Followed by Processed and Packaged Goods: $DMDN $GMCR $CPO $JVA $PEET $MJN

Take a look at the daily charts of all stocks here.

SQM Advances to New Highs

The Chile based fertilizer producer, $SQM advanced 3% to a new all-time high, boosted by an industry-wide move among Chemical manufacturers ($MON, $MOS, $POT, $CF, $UAN). The volume was below the daily average.

Some interesting new names on the all-time high list that stood out:
– the shipping company $GLNG, which is the owner and operator of liquefied natural gas (LNG) carriers and floating storage regasification units;
– $ROSE, which is an oil and gas service operator

See charts of all liquid stocks that closed at new all-time high today.