The GMI is still 6. One anomaly was that the tech stocks lagged on Tuesday. Only 57% of the Nasdaq 100 stocks advanced, compare with 72% of the S&P 500 stocks and 90% of the Dow 30 stocks. Monday was the 28th day in the current QQQQ up-trend….
On September 29, I mentioned one of Judy’s picks, PAY, at 44.33. It closed Monday at 44.96 and appears to be in a nice up-trend. Judy had become interested in PAY well below $40. On Tuesday evening, Judy talked to me about COMV, a company that makes smart meters for controlling the flow and reporting of electricity. Judy, as I noted on 9/29, is the most talented stock picker that I know. She researches a company thoroughly and buys the concept if she likes it. She has picked many stocks that later are bought out or climb. So I examined COMV and found that it looks like it is forming a bullish cup-with-handle pattern. I will consider buying COMV if it breaks the pivot point of 35.81 on high volume.