The GMI remains at +6 as the market internals strengthen. 
79% of the 66 stocks that hit a new high 10 days ago closed higher on Thursday than 10 days earlier. There were 289 new highs Thursday, the most since October 4. More than one half (51%) of the 4,000 stocks in my universe closed above their 10 week averages, up from 21% on October 13. 36% of stocks are in a short term up-trend, up from 8% on October 18. And 80% of the stocks that have doubled in the past year closed above their 30 day averages. Twice as many stocks are within 5% of their new highs than their new lows (19% vs. 9%).
It should be clear that trading growth stocks at new highs is profitable again. Among the stocks that have doubled in the past year and have triple digit earnings gains last quarter are: TIE, BABY, GOOG, MDR, SYKE, GI, IRIS, HANS, ASF, BTU, HOLX, LUFK, JLG. In a new rally, the stocks that break to new highs first often become the leaders of the bull move. This list would be worth monitoring for future winners.
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