GMI: 6; Another pick from Judy

The GMI is still 6.  One anomaly was that the tech stocks lagged on Tuesday.  Only 57% of the Nasdaq 100 stocks advanced, compare with 72% of the S&P 500 stocks and 90% of the Dow 30 stocks.  Monday was the 28th day in the current QQQQ up-trend….

On September 29, I mentioned one of Judy’s picks, PAY, at 44.33.  It closed Monday at 44.96 and appears to be in  a nice up-trend.  Judy had become interested in PAY well below $40. On Tuesday evening, Judy talked to me about COMV, a company that makes smart meters for controlling the flow and reporting of electricity.  Judy, as I noted on 9/29, is the most talented stock picker that I know. Comv  She researches a company thoroughly and buys the concept if she likes it.  She has picked many stocks that later are bought out or climb.  So I examined COMV and found that it looks like it is forming a bullish cup-with-handle pattern.  I will consider buying COMV if it breaks the pivot point of 35.81 on high volume.


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