Rally continues, but only 6 new highs and 9 new lows in my universe of 4,000 stocks on Wednesday.
Dr. Wish
T2108 hits 90%; IBD 100 leaders
GMI and GMI-R each lost one. There just aren’t enough new highs to compute the 10 day successful new high indicator. There were only 12 new highs and 8 new lows in my universe of 4,000 stocks on Monday. Seven of the 12 are on my IBD100 lists: SNDA, ALGT, NFLX, NTES, LFT, GMCR and CPSI. These stocks, some of which I own, are leading the market up.
I am quoted in Monday’s IBD
On page B16, there is a quote from Dr. Eric W., of Maryland. I am pleased to acknowledge William O’Neil and his newspaper for contributing to my trading success over the past 25 years. It was only after I began to read IBD that I consistently made money trading.