The GMI and GMI-R remain unchanged at maximum levels. There were 109 new highs and 48 new lows in my universe of 4,000 stocks on Tuesday. CPST, a Judy's Pick, continued to climb on high volume.
Dr. Wish
GMI: 6; GMI-R: 10; 40th day of QQQQ up-trend; growth stocks are back
The GMI remains at 6 (of 6) and the GMI-R at 10 (of 10). Monday was the 4oth day of the current QQQQ up-trend. There were 218 new highs and 42 new lows in my universe of 4,000 stocks on Monday. 30% of the 100 stocks on the IBD100 list published on 4/21/2008 hit a new high on Monday. Growth stocks are back in style!
GMI: 6; GMI-R: 10; Judy’s picks: CPST and IMAX
The GMI and GMI-R remain at their maximum levels. There were 196 new highs and 48 new lows in my universe of 4,000 stocks on Friday. Friday was the 39th day of the current QQQQ up-trend. Judy’s picks, CPST and IMAX, are doing great. In fact, the above average volume of buying the past two weeks suggests to me that IMAX is about to surge.