Dr. Wish

Only 7 stocks came up in my New High and Great Fundamentals” scan using TC2000: HCII, ASPS, ELLI, VRSN, SHW, CF, DK.   I own two of these. SHW has been unstoppable since it broke out of a cup and handle base last December around $88 per share.   This weekly chart shows that SHW has not closed below its 10 week average (blue dotted line) since last September. Now that is a rocket! Click on chart to enlarge.

While markets remain in an up-trend, I am concerned when air pockets are found in growth stocks like PCLN and MNST and CMG. All three have gapped down big time after earnings.   The market probably has further to go on the up-side but with the T2108 at 75% and with over 50% of stocks in an overbought range, I think this market is closer to a top than a bottom.

Buying QLD and holding some long positions.   Short and longer term trends remain up. AAPL goes EX- Dividend on Thursday. Will it fall right after Thursday?