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Wishing WealthA stock trading blog by Dr. Wish |
Gmi: 4; Gmi-r: 7; 11 Ibd100 New Highs
Posted on 05/12/2008 11:28:07 | Link | Post Comment
The GMI remains at 4 (of 6) and the GMI-R is at 7 (of 10). There were 89 new highs and 100 new lows in my universe of 4,000 stocks on Friday. Friday was the 34th day of the current QQQQ up-trend. Eleven of the IBD100 stocks on the list published on 4/12/2008 hit a new high on Friday: NE,PDE,SID,ARD,TTES,SII,PCLN,SWN,GGB,PVA and FTI. While the market technicals weakened last week, the QQQQ up-trend remains intact, for now. And options expire on Friday....
- Gmi: 3; Gmi-r: 6; All Eyes On Aapl
- Gmi: 4; Gmi-r: 5; Techs Show Strength; Mainly In Cash
- Gmi: 6; Gmi-r: 10; New Lows Climbing; Comv Climbs
- Gmi: 6; Gmi-r: 10; But A Lot Of New Lows, Especially Among Apparel Stocks
- Gmi: 5; Gmi-r: 8; Qqqq Remains Strong
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Examples
Morpheus Trading - Thu Jul 17, 2008 01:15AM
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Morpheus Trading - Tue Jul 15, 2008 08:25AM
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Morpheus Trading - Mon Jul 14, 2008 02:18AM
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