When everyone is so bearish and expecting the worst, it is time to expect the opposite.  Last week, the Investor’s Intelligence Survey of letter writers and advisers actually showed more bears than bulls (38% vs. 29%, percents rounded). This is an exceedingly rare phenomenon and should have told us all that the market would rally.  [...]

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 want the stock [...]

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 [...]

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 [...]

“Last week, a person who knows nothing about the market asked me how to short stocks.  This is reminiscent of the stories of the shoeshine boys providing stock tips, near the roaring 20’s market’s top.  The sentiment is just too negative right now.  Does this mean the market has to turn up?  Not necessarily, but the [...]

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 [...]

On May 10, I wrote: “So, stocks on the New America list often take off sometime after their story is published in IBD.  One recent addition to the New America list that looks promising technically to me if it can break $18.60, is ASIA. ” After I wrote that post, I placed a  GTC (good [...]

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 [...]

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 [...]