GMI: 1; GMI-S: 25; X and TSO; IBD 100 new highs

The GMI is still 1 and the GMI-S rose to 25.  Still, the trend is down in the major indexes. Gmi0312  Monday was the 10th day in the QQQQ down-trend. In spite of the general market down-trend, two stocks that are bucking this trend are X and TSO, both of which I own.  It remains to be seen how far this bounce will go and I am mainly in cash.  I also own puts on some weak stocks.  The only way to go short in an IRA is through buying put options.

Any stock that could come through the recent market declines and then hit a new 52 week high is showing notable strength.  The following 14 recent IBD 100 list stocks hit a new high on Monday:  JSDA,BTJ,HURN,GLP,DECK,MIDD,TSO,ETP,AVT,BWP,WCG,FDS,SIMO, CCK.  If I were looking for stocks to buy, I would start researching this list.


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