GMI: 6; COMV breaks out and PAY hits new high; 29th day of QQQQ up-trend

The GMI is still at a maximum of 6, and there were 322 new 52 week highs in my universe of 4,000 stocks on Wednesday.  Judy’s stock pick, COMV, broke out on Wednesday and closed at 36.14, up 3.2%.  Judy’s other pick that I wrote about, PAY, hit a new high on Wednesday. The QQQQ completed its 29th day in its short term up-trend.  The last short term up-trend in the QQQQ ended in late July and lasted 80 days.  So, the current up-trend could have many more days to go….

See my disclaimers below.

GMI: 6; Another pick from Judy

The GMI is still 6.  One anomaly was that the tech stocks lagged on Tuesday.  Only 57% of the Nasdaq 100 stocks advanced, compare with 72% of the S&P 500 stocks and 90% of the Dow 30 stocks.  Monday was the 28th day in the current QQQQ up-trend….

On September 29, I mentioned one of Judy’s picks, PAY, at 44.33.  It closed Monday at 44.96 and appears to be in  a nice up-trend.  Judy had become interested in PAY well below $40. On Tuesday evening, Judy talked to me about COMV, a company that makes smart meters for controlling the flow and reporting of electricity.  Judy, as I noted on 9/29, is the most talented stock picker that I know. Comv  She researches a company thoroughly and buys the concept if she likes it.  She has picked many stocks that later are bought out or climb.  So I examined COMV and found that it looks like it is forming a bullish cup-with-handle pattern.  I will consider buying COMV if it breaks the pivot point of 35.81 on high volume.