The GMI and GMI-R remain unchanged at maximum levels. There were 109 new highs and 48 new lows in my universe of 4,000 stocks on Tuesday. CPST, a Judy's Pick, continued to climb on high volume.
Judy
GMI: 6; GMI-R: 10; Judy’s picks: CPST and IMAX
The GMI and GMI-R remain at their maximum levels. There were 196 new highs and 48 new lows in my universe of 4,000 stocks on Friday. Friday was the 39th day of the current QQQQ up-trend. Judy’s picks, CPST and IMAX, are doing great. In fact, the above average volume of buying the past two weeks suggests to me that IMAX is about to surge.
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.