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 [...]

The market held by the end of last week and I am getting more bullish.  This is because we appear to be at the beginning of a significant turn up in the QQQQ.  According to Weinstein’s stage analysis, the QQQQ is beginning a Stage 2 up-trend, as shown by the fact that its 30 week [...]

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 [...]

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 [...]

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.  [...]

This is an extremely difficult market for me to interpret.  The QQQQ completed the 3rd day of a short term up-trend, and the QQQQ completed its first week back above its 10 week average.  There were 6 new highs and 25 new lows in my universe of  4,000 stocks on Friday.  The last time there [...]

My short term indicators are coming back, although we are not out of the woods yet.  The GMI is now at 2 and the more sensitive GMI-R is at 5 (of 10).  The QQQQ short term down-trend ended after 21 days, and an up-trend has begun.  However, there were only 11 new highs and 17 [...]

I am getting tired of listening to all of the pundits saying that the current decline resembles the 1974 bear or the 1987 bear markets.  How about looking at some data!  So, I used my TC2007 market price history database to compute how much the Dow Jones Industrial average declined in prior bear markets after [...]