End of window dressing Tuesday-now earnings


The rally in strong stocks as part of mutual fund window dressing will end by Tuesday.   Then we wait for earnings to drive stocks.

The GMI remains at 3 (of 6) and the GMI-R at 6 (of 10).  GMI0626 There were 48 new highs in my universe of 4,000 stocks on on Friday.   That is a good sign.   Most important, my longer term indicators remain strong.   The QQQQ has closed above its 10 week average for 15 weeks. I am wading back into this market on the long side.   Stocks that hit 52 week highs Friday and that are also near their all-time highs include:   VIT, IPCM, HTS, HMSY, BWY, ISH, STEC and LINC. I own some of these.

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