GMI at 4; up-trends intact; 13 powerful stocks at new highs

GMI4/6
GMI-24/9
T210881%

While this market has shown extreme volatility, the indexes are remaining above their key daily and weekly moving averages.   A few more good days could yield the powerful 4wk>10wk>30wk pattern on the QQQ.   If only AAPL would come to life!   A major   signal for caution I see is that the Worden T2108 indicator is very extended, at 81%.

Meanwhile, my new high+great earnings scan yielded 13 hits out of more than 5,000 stocks: QCOR, ASPS,SWI,ORLY,MA, CASY,DCI, FAST, CVLT,SXL, AZO, NSR, MANH.   Any stock with good earnings that can come through the market of the past year at new 52 week highs is   worth researching. All of these but NSR are also at multi-year highs.

Worden T2108 is at 86%–very overbought

GMI6/6
GMI-25/9
T210886%

The GMI is at 6 and the QQQ short term up-trend completed its 14th day on Friday.   Some short term up-trends have lasted more than 80 days.   However, it is rare to see 86% of NYSE stocks close above their 40 day moving average (T2108), although T2108 has reached 92% before. I remain invested long, nevertheless, until the short term trend   reverses to the down side. Twelve stocks that hit a new high on Friday and passed my scan are:   STMP,BKI,NUS,MANH,FAST,HITK,ORLY,WPZ,ISRG,PSMT,RL,SPRD.   Research them.