Upturn in the number of all time highs

This week there was an upturn in the number of US stocks making an all time high. The last time this happened, back in November 2009, it was the start of a bullish move higher. Whether or not the number of all time high stocks is an informative indicator I don't know yet, and nobody knows what direction the markets will move. Nevertheless, this indicator is something to be aware of, and it confirms two other indicators I watch: (1) the NASDAQ New Highs minus New Lows rising above its 50 and 200 day moving averages, and (2) Dr. Wish's Genuine Market Indicators (GMI and GMI-R) have turned bullish.