With the GMI on a Sell signal, I am mainly in cash in my trading accounts. No one knows if this is a dead cat bounce or a real bottom. But this is the end-of-quarter mutual fund window dressing period. The key is what the market does next week. Then comes second quarter earnings….
One exception is I own a few shares of XONE. It actually hit an all-time high on Tuesday! This is one of Judy’s picks. See the daily chart below.
Six charts came up in my new high and good earnings scan: DWRE, WAGE, CBOE, PRXL, PRLB, ALGT. Stocks that can come through the current market decline and be at new highs are worth researching.