New lows have mostly had a strong hand for about three weeks now. Going into Tuesday’s session, the combined new lows (Nasdaq plus NYSE) averaged 238 over the previous 16 sessions. That’s an astounding number, particularly because IBD’s screen is abbreviated for quality. And new highs? During the same period, new highs averaged 157. Now these numbers deserve a qualifier: Last week, new highs recaptured the dominant position.