The GMI and GMI-R remain at their maximum levels. There were 181 new highs and 40 new lows in my universe of 4,000 stocks on Wednesday. This was the largest number of new highs since November 6, 2007. Wednesday was the 37th day of the current QQQQ up-trend.
GMI: 6; GMI-R: 10; CPST rocks, QLD and DZZ
The GMI and GMI-R are back to their maximum readings. There were 149 new highs and 47 new lows in my universe of 4,000 stocks on Wednesday. CPST continues to climb on high volume. I am sitting back and riding QLD, as well as a number of growth stocks. I also am ultra short gold with DZZ.
GMI: 5; GMI-R: 8; CPST, Judy’s pick, breaks out again
The GMI rose one, to 5 (of 6) and the GMI-R to 8 (of 10). There were 83 new highs and 47 new lows in my universe of 4,000 stocks on Monday. Monday was the 35th day in the current QQQQ up-trend. QLD is up over 18% since the beginning of the QQQQ up-trend. It is nice to just ride with the market’s up-trend. CPST, Judy’s pick, is up more than 50% since I first wrote about it on March 27. The stock broke out of a consolidation on Monday on huge volume. I continue to hold a position in this stock.