There were 16 new highs and 7 new lows in my universe of 4,000 stocks on Wednesday.  Six  stocks on my IBD100 lists from the past year reached new highs:  AZO, GMCR, JOSB, FIZZ, QSII and LFT.  The QQQQ up-trend continues, now in its 25th day.  Stay with the trend and ignore the pundits’ prognostications.

The media pundits claim the market needs to rest.  The market gets tired and needs to consolidate for a while–such utter nonsense! I wrote a few posts ago that the rebound in the indexes thus far is actually quite small, compared with the rebounds in the 30’s.  The Dow is  up only about 24% from [...]

GMI  and GMI-R each lost one.  There just aren’t enough new highs to compute the 10 day successful new high indicator.  There were only 12 new highs and 8 new lows in my universe of 4,000 stocks on Monday. Seven of the 12 are on my IBD100 lists:  SNDA, ALGT, NFLX, NTES, LFT, GMCR and [...]

On page B16, there is a quote from Dr. Eric W., of Maryland.  I am pleased to acknowledge William O’Neil and his newspaper for contributing to my trading success over the past 25 years.  It was only after I began to read IBD that I consistently made money trading.

I just completed the best 2 week period in a year. I own a lot of the stocks listed to the right, which are having terrific runs.  The GMI registered 5 for the first time since August, 2008, before the start of the major market decline.  My Successful 10 day New High Index turned positive.  [...]

There were 5 new highs and 5 new lows in my universe of 4,000 stocks on Wednesday.  Still, a lot of stocks are getting stronger.  Wednesday was the 16th day of the QQQQ short term up-trend.  Three of the 5 stocks at new highs were on my IBD100 lists:  FDO, FIZZ and SNDA.  My long [...]

There were 11 new highs and 4 new lows in my universe of 4,000 stocks on Monday.  Five of the 11 new highs were on the IBD100 list from March 30:  TNDN, NFLX, GMCR, NTES and CPSI.  All of these but CPSI hit all-time highs, an extraordinary accomplishment, given the market’s decline over the past [...]

A lot of stocks are beginning to look good.  However, there were only 6 new highs and 8 new lows in my universe of 4,000 stocks on Friday.  Two of the 6 new highs are stocks on the IBD100 list,  CPSI and TNDM.  TNDM is at an all-time high and both of these stocks came [...]

My indicators keep getting stronger.  The GMI is 4 for the first time since August 20, 2008.  There were more new highs than lows (22 vs. 6) in my universe of 4,000 stocks on Thursday.  The Worden T2108 indicator is at 83%, the highest reading since 89% on January 6.  This is typically an over-bought [...]

While the Nasdaq 100 tech rally completed its 11th day, the rise has failed to produce many new highs.  There were 8 new highs and 20 new lows in my universe of 4,000 stocks on Wednesday.  71% of the NYSE stocks closed above their 40 day averages, reflecting the strong  but not severely overbought reading [...]