IBD100

Buying Rocket Stocks; My market indicators are very strong.

@ 7:39 am

I just completed the best 2 week period in a year. I own a lot of the stocks listed to the right, which are having terrific runs.   The GMI registered 5 for the first time since August, 2008, before the start of the major market decline.   My Successful 10 day New High Index turned positive.   There were finally enough stocks that hit a new high 10 days ago that have closed higher than they did 10 days ago.

Stocks on the 52 week new high lists that are also at or near all time   highs is where I find potential rockets.   Nicolas Darvas made a fortune trading such   stocks. IBD100 stocks near all time highs include: GMCR, NFLX, MNRO, QSII, VLGEA, AZO, SNDA, NTES, ALGT. TNDM.   TSYS, HGG and ORLY are also very strong, but are not yet on my IBD100 lists.

While most of the world looks for bargain stocks at new lows, I seek rockets heading to the moon.   The greatest winning stocks are those heading up to ever higher levels.   Think of how many times that YHOO   or CSCO or MSFT hit all time new highs as they multiplied their prices many times during their great bull runs.   If you want to hop a rocket to the moon, it better be pointing up and gaining altitude.

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Market is getting stronger

@ 11:27 pm
GMI4/6
GMI-R7/10
T210884%

There were 5 new highs and 5 new lows in my universe of 4,000 stocks on Wednesday.   Still, a lot of stocks are getting stronger.   Wednesday was the 16th day of the QQQQ short term up-trend.   Three of the 5 stocks at new highs were on my IBD100 lists:   FDO, FIZZ and SNDA.   My long positions continue to prosper.

QQQQ rally continues, in 14th day and up 8.7%, but 3X emerging bull ETF, EDC, up 28.2%

@ 8:36 pm
GMI4/6
GMI-R8/10
T210884%

There were 11 new highs and 4 new lows in my universe of 4,000 stocks on Monday.   Five of the 11 new highs were on the IBD100 list from March 30:   TNDN, NFLX, GMCR, NTES and CPSI.   All of these but CPSI hit all-time highs, an extraordinary accomplishment, given the market’s decline over the past year.   Any stock trading today at an all-time high is probably worthy of   attention.   I own GMCR and NFLX.   One other stock on the new high list Monday is TSYS, which I wrote about months ago.   It has huge recent earnings increases and has been in a steady up-trend.

I am putting more and more funds back into the market as this up-trend continues. By my indicators, the QQQQ   just completed the 14th day of its short term up-trend.   During that time, the QQQQ has advanced 8.7%, while the ultra long QQQQ ETF, QLD,   has advanced 17.6%.   During QQQQ up-trends I buy QLD.   During this same time period, the emerging markets bull 3X ETF, EDC, has advanced 28.2%.   Those who say the 3X ETF’s are worthless as trading vehicles (as in J. Cramer) should look at these data.