There are a number of stocks that came up in my “Darvas Scan” that are trading near five year highs and have good technicals and fundamentals. These stocks include: NEU, PCLN, AMZN, NFLX, EGO, LZ, CML, ABV, CBD, WCRX, EW, WES, CPLA. Some of these stocks may turn out to be rockets if the market up-trend continues. Meanwhile, the GMI
is at 5 (of 6) and the GMI-R is 9 (of 10). While the long and short term trends are up, the daily stochastics (10,5,5) for the major averages are in down-trends, suggesting some weakness in the next few days. I will hold off on making any new long purchases until the stochastics turn up again.