Dr. Wish

Indexes remain in up-trends; LOPE breaks out

@ 7:00 am
GMI6/6
GMI-26/9
T210874%

Here are the 11 of 28 stocks that came up in my new high and good fundamentals scan from Friday’s close.   All of these stocks also appear in one of my lists of stocks mentioned by IBD as possibly strong stocks.

Greatfund05102013All of these stocks but 3 (SBRA, CREE and GMCR) are green line stocks, above their highest multi-month base and near all-time highs. LOPE broke out   to an all-time high last week on above average volume after it beat earnings estimates.

LOPEweekly

 

The GMI remains at 6 (of 6) and on a buy signal since 2/28.

GMI05102013

TQQQ beats almost all individual stocks–yet again!

@ 7:00 am
GMI6/6
GMI-26/9
T210878%

Since the GMI gave a buy signal on 2/28, the QQQ has advanced +8.4% the QLD +17.1% and the TQQQ +26.4%.   The SPY has advanced +7.7%.   If one had purchased the 3X leveraged Nasdaq 100 ETF, TQQQ, at the close on 2/28, one would have done better than all but 7 of the Nasdaq 100 stocks,   and all but 11 of the S&P500 stocks.   None of the Dow 30 stocks beat TQQQ.   So again we see that in a consistent up-trend, buying and holding the leveraged 3X ETF, TQQQ,, was far better and easier than trying to find the rare individual stock that would out-perform it. Are we committed to making money, or to proving that we are smart enough to find the needle in the haystack?