The new highs count has faded in recent sessions, including Tuesday. Also, new lows rose Monday to the highest tally in three months.
Should individual investors be concerned? Probably not at this juncture. A drop in new highs has occurred for a few days at various times without killing the market rally. If a drop in new highs became the trend, then that would be a bad sign.
A handful of individual stocks were showing generally good action as they hit 52-week highs Tuesday.