Warning sign
For the first time in months, there were more stocks falling to 52-week lows than rising to 52-week highs on the Nasdaq on Thursday. Because this comes so soon after the Nasdaq was at a new high, it triggered a Titanic Syndrome warning. A single signal isn't much of a worry - the Backtest Engine shows an average return of -0.5% for the Composite in the month following the 276 signals since 1986. It's more worrying when there is a cluster of signals across exchanges like there was in February.
