Posted Sunday, June 28, 2009 @ 10:38 pm by Dr. Wish
End of window dressing Tuesday-now earnings
The rally in strong stocks as part of mutual fund window dressing will end by Tuesday. Then we wait for earnings to drive stocks.
The GMI remains at 3 (of 6) and the GMI-R at 6 (of 10). 
There were 48 new highs in my universe of 4,000 stocks on on Friday. That is a good sign. Most important, my longer term indicators remain strong. The QQQQ has closed above its 10 week average for 15 weeks. I am wading back into this market on the long side. Stocks that hit 52 week highs Friday and that are also near their all-time highs include: VIT, IPCM, HTS, HMSY, BWY, ISH, STEC and LINC. I own some of these.
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