I ran my TC2000 scan for stocks with good earnings that hit a 52 week high on Friday. The list is posted to the right. There were 15 stocks. Five have a flag to the left, indicating they appear in one of my IBD watch lists. All of these but DTSI and FARM, are trading above a recent green line break-out (GLB) at an all-time high. I own several of these. One stock, MNST, had a huge volume break-out, consolidated, and is now moving up. Check out its weekly chart below.
Friday was the 6th day of the new QQQ short term up-trend. QQQ short term up-trends can often last for several months. Given that we are in the strong seasonal period for the market, I would not be surprised if this up-trend lasts into January. Eventually, higher interest rates will kill this market. So I am watching rates very carefully. The GMI is at 6 (of 6) and all but one of the GMI-2 components are positive.