I corrected yesterday’s post so the GMI changes over time chart will now enlarge when clicked on. "My favorite posts" links at the bottom right now work but you will have to scroll to the correct date noted. I am repeating yesterday’s note below.
NOTE: A NEW SECTION TO THE BOTTOM RIGHT PROVIDES LINKS TO MY FAVORITE PRIOR POSTS. THESE INCLUDE MY STRATEGY POSTS, DEFINITIONS OF THE GMI COMPONENTS, AND MY ANALYSIS OF WHY THE TRADING TECHNIQUES OF THE GREAT NICOLAS DARVAS WORK BEST DURING BULL MARKETS AT ALL-TIME HIGHS.
The GMI remains at +6. There were 126 successful 10 day new highs on Monday and there were 204 new highs and 62 new lows among the 4,000 stocks in my universe. Only 43% of the Nasdaq 100 stocks advanced, along with 41% of the S&P 500 stocks and 53% of the Dow 30 stocks. There were few changes in the market internals. Monday was the tenth day (U-10) in the QQQQ up-trend.
Stocks with quarterly earnings up 100%+ and hitting a new high on Monday include: TIE, HSVLY, GOOG, LMIA, LMS, NWRE, CUTR, TRAD, HANS, ISRG, HUBG, SAFT, SUPX, and CX. I own some of these. Check them out.
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