Blog post: Day 15 of $QQQ short term up-trend; Hot market, 507 US stocks with new highs Friday; Some growth stocks with GLB breaking out of nice multi-week bases: $AMAT, $NXST, $MCHP, $AFG, $SI, $FFIN, see weekly charts; GMI is 6 of 6 and Green


This market is getting very frothy. I am watching for the Fed to raise rates and kill the bull. But the GMI remains strong for now…

I took some time this weekend to look at my watchlist of recent IBD50 and MarketSmith250 growth stock lists and found 6 stocks that merit further research. All had a green line break-out (GLB) to an all-time-high last week after a strong advance followed by  a multi-week consolidation. My undergraduate students–check your TR to make sure they meet your criteria for purchase during the class trading simulation. I found these using a new TC2000 scan I shall share with the class next week. Note that AMAT reports earnings on 11/11.

Leave a Reply

This site uses Akismet to reduce spam. Learn how your comment data is processed.