Now that the GMI is 6 and many stocks are hitting new 52 week highs again, I am looking for strong stocks to buy.  As you know, I prefer to buy stocks that have already doubled in the past year and that are trading at or near their all-time highs.  I also [...]

I often search for new market leaders by scanning stocks that hit new 52 week highs.  This table  (click on to enlarge) shows stocks that hit a new high on Friday,  that are near their all-time highs, and had most recent quarterly earnings increases of  at least +50%.  The first EPS column is the most [...]

Well, we will finally see if the iPad success is already built into the stock’s price.  While a lot of pundits think that the stock is over priced, a look at the monthly chart suggests to me that the stock has just broken out of a 2 year base.  This stock may have a long [...]

I am writing this post primarily to teach my students how I search for potential rocket stocks–stocks that have been launched and appear headed towards new peaks.  As I said in class this week, it makes the most sense to buy stocks that have the best fundamentals and technicals.  This strategy has been advocated both [...]

I used TC2007 to scan the market for stocks that meet my most stringent fundamental and technical criteria for rockets.  These stocks have great fundamentals and technicals, have already doubled their price a year ago and are near 5 year or all-time highs.  I have listed in this table the 11 stocks out of 4,000 [...]

From time to time I attend stock meet-ups and listen to members opine about how useless the IBD 100 lists are.  People just like to denigrate things without examining the evidence and these untruths tend to get passed on unchallenged.  Each Monday, IBD publishes a list  of the top 100 growth stocks that meet their [...]

The market up-trend is in place and I am almost 100% invested on the long side in my trading IRA.  I am also largely invested in mutual funds in  my university pension. This is the time to ride the train and not to fight it.  No one knows when the up-trend will end.  The idea [...]

If calling the short term trend of the market were easy, we would all be rich and retired.  Last week, my short term QQQQ indicator gave me a head fake and turned my daily trend count down.  That new downtrend lasted for two days and then the up-trend resumed.  However, I had indicated at the [...]

I always have to remember not to anticipate a change in trend, but to wait for the actual signal.  On Monday, the QQQQ went to the edge of support and held.  There were 19 new highs and 8 new lows in my universe of 4,000 stocks on Monday.  Only 3 of the new highs were [...]

The QQQQ completed the 37th day of its up-trend on Friday.  However, there were only 16 new highs and 5 new lows in my universe of 4,000 stocks on Friday.  Five of the 16 were on my IBD100 lists:  VNUS, GMCR, HANS, LINC and INT.  All of these 5 but  VNUS were also on the [...]