Blog Post: 70 US new highs and 1008 new lows; Some promising stocks at all-time-highs Thursday: $LPLA, $AMLX, $INSW, $CI, $SGML, see weekly charts.

@ 9:33 pm
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No one knows whether today’s bounce will hold. However, stocks at ATH could turn out to be leaders. LPLA has held up well the past few weeks. Here is the weekly chart.It has a weekly green bar. I place my stops below the low of the week with a green bar.

As does AMLX and a recent GLB.

And INSW

And SGML

CI, but no weekly green bar.

 

Blog Post: Day 31 of $QQQ short term down-trend; Recent IPO $SGML already a 4 bagger, staying strong

@ 7:57 pm
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SGML, a lithium producer, keeps coming up on my scans. This week it came up on my weekly green bar scan. Note the green price bar on this chart indicating a bounce up off of its 4 week average. It also has relative strength at a new high. As long as it holds its 10 week average (blue dotted line), the up-trend is intact. It is expected to earn 4.57 in 2023, after it becomes profitable. EVs are going to need a lot of lithium.