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You Are Here: Home > Articles > Contributors > GMI: 0; GMI-R: 1; T2108: 11%; 19th day of QQQQ...

GMI: 0; GMI-R: 1; T2108: 11%; 19th day of QQQQ down-trend; IBD New America stocks
Jul 09, 2008

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Dr. Wish

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There were 14 new highs and 409 new lows in my universe of 4,000 stocks on Tuesday.  The T2108 indicator bounced back to 11%.  Time will tell whether this bounce will lead to a real turn.  I sold out my QID and began to make pilot buys in some of the IBD New America stocks.  Each day the IBD New America section presents a company that they think represents a promising visionary business.  I have created a watchlist of all New America stocks the past few months that I will monitor for break-outs.  The following nine New America stocks closed Tuesday within 5% of their 52 week high and may be worth watching:  NUVA,BABY,ACL,BMI,GHM,FLIR,TRLG,CELG,FCN. I own some of these.


by Dr. Wish (Wishing Wealth)

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