Posted Tuesday, February 3, 2009 @ 11:07 pm by Dr. Wish
Tech stocks up, but still in down-trend; education sector rocks
The more sensitive GMI-R rose to 3 (of 10). 82% of the Nasdaq 100 stocks rose, and 49% closed above their 30 day averages. There were 11 new highs and 121 new lows in my universe of 4,000 stocks on Tuesday. Among the 11 stocks at new highs were 4 stocks on my IBD100 lists: DLTR, ESI, MYGN and SXCI. Three other education stocks were on the new high list: COCO, CECO and LINC. Clearly, this sector is a stand-out in a down market. I remain mainly in cash.
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