The GMI is at 6 and the QQQ short term up-trend completed its 14th day on Friday. Some short term up-trends have lasted more than 80 days. However, it is rare to see 86% of NYSE stocks close above their 40 day moving average (T2108), although T2108 has reached 92% before. I remain invested long, nevertheless, until the short term trend reverses to the down side. Twelve stocks that hit a new high on Friday and passed my scan are: STMP,BKI,NUS,MANH,FAST,HITK,ORLY,WPZ,ISRG,PSMT,RL,SPRD. Research them.
Dr. Wish
12th day of QQQ short term up-trend; RWB rocket stock NUS
While volatile, the market up-trend has been holding. I am back into this market. I am 100% invested in mutual funds in my university pension and own the ultra long (2X) index ETF’s QLD and DDM in my trading accounts.
Stocks that hit a new high on Wednesday and have good fundamentals are: SPRD,WPZ,PII,OKS,MAT,QCOR,VSEA,ORLY,NUS. All of these have RWB rocket patterns. My students should research them for possible buys. Check out this RWB pattern for NUS. Click on chart to enlarge.