The GMI is still 5; there were 177 new highs on Tuesday in my universe of 4,000 stocks. Tech and growth stocks are stronger than other sectors of the market. I am still accumulating stocks as this rally continues. Tuesday was the twelfth day of the current QQQQ up-trend. 71% of the IBD 100 stocks from 8/14 closed higher on Tuesday than they did on 8/14 and 14 of them (14%) hit a new yearly high–but only 4% of my universe of stocks hit a new high. We are seeing a resurgence of the IBD 100 type growth stocks…….
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