Posted Tuesday, May 20, 2008 @ 12:01 am by Dr. Wish
GMI: 6; GMI-R: 10; 40th day of QQQQ up-trend; growth stocks are back
The GMI remains at 6 (of 6) and the GMI-R at 10 (of 10). Monday was the 4oth day of the current QQQQ up-trend. There were 218 new highs and 42 new lows in my universe of 4,000 stocks on Monday. 30% of the 100 stocks on the IBD100 list published on 4/21/2008 hit a new high on Monday. Growth stocks are back in style!
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