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Flying on instruments; GLB: $ROCK

GMI6
GMI-27
T210865%

With the GMI at 6 (of 6) and the QQQ short term trend now up, I must grit my teeth and wade back into this market. I have to heed my indicators and not my emotions. Perhaps good 2nd quarter earnings will propel a lot of stocks higher. I am monitoring stocks with green line break-outs (GLB) to all-time highs. Check out ROCK, which last Friday broke through a top last reached in May, 2006:

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GMI07082016

 

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$RTN shoots higher and 9 stocks come up in my new highs and good fundamentals scan

GMI5
GMI-27
T210853%

This market is becoming stronger. The GMI switched to a Buy on the close of July 1 and the QQQ short term down-trend may end Thursday if the QQQ is up or level. Nine stocks came up on my new high with good fundamentals scan: $FNV, $DFT, $HII, $COR, $UFPI, $ULTA, $NSP, $PATK, $AMZN. Meanwhile, $RTN has also moved to a new high.

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Stocks that climb to new highs early in a market turn often prove to be among the new leaders.

 

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