GMI: 0; GMI-R: 2; T2108: 5%; 45th day of QQQQ short term down-trend; 9 stocks near all-time highs

The GMI remains at zero (of 6), and the GMI-R at 2 (of 10).   There were 12 new highs and 27 new lows in my universe of 4,000 stocks on Monday.   91% of the NASDAQ 100 and S&P500 stocks have a MACD above their signal line.   It remains to be seen whether this short term bounce can reverse the longer term trends.   After a major market decline, the new high list is the place to identify new market leaders.   I especially like stocks at all-time highs. The 9 stocks hitting a new high on Monday and also near their all-time high are:   LG, SPTN, AFAM, PETS, AVAV, STRA, ZEP, EBS, ALGT. Any stock that can come through the recent   market debacle and trade near its all-time may be a leader in any new bull market.   Stay tuned…

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