11 Stocks at new all-time highs with good recent earnings; I remain cautious

GMI5/6
GMI-24/8
T210836%

I ran my TC2000 new high and good recent earnings scan and the 11 stocks below came up.   All are above their green line base tops and are therefore at all-time highs.   I sorted them by price appreciation over the past 50 days.   For example, USNA has advanced 50% over its price 50 days ago. Seven of the 11 have a blue flag, indicating they appear in one of the lists of stock I maintain that have been mentioned as promising stocks by IBD……

NewHscan06162013

The GMI remains at 5 but my short term indicators are weakening.   A close of the QQQ below 71.55 might turn my short term indicators negative. Stay tuned. I remain cautious and am hedging my long positions with some SQQQ (leveraged bearish QQQ ETF).

GMI06142013

 

2 thoughts on “11 Stocks at new all-time highs with good recent earnings; I remain cautious”

  1. Regarding your use of flags in tc2k to mark ibd stocks, doesn’t this preclude using flags for any other purpose?
    How do you manage this?

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