$DIA $QQQ $SPY overbought daily stochastic-expect decline; 11 IBD type stocks at ATH this month: $ARGX $DORM $EVTC $PLNT $SEND $KL $TWLO $AYX $IIIV $MTLS $STXB


With almost 80% of Nasdaq 100 stocks having their daily 10.4  stochastic above 80, I expect short term weakness. However, during market weakness, the new leaders are easier to spot. These 11 stocks have been on IBD or MarketSmith lists and hit all-time highs this month. Some of them may turn out to be market leaders if the general market trend turns up.

This monthly chart shows that EVTC had a recent green line break-out (GLB, see glossary).

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