Let’s look inside the December 14th edition of one of the alpha seeking worlds’ best tools, Investors Business Daily.
In the edition dated December 14, the IBD 100 listed zero stocks with a bold outline, an indication of a stock with strong fundamental and technical attributes that is also in or near buy range. There are no bold outlines this week because IBD grades the current market condition as “uptrend under pressure”. Without being bolded, the list does comment on Lumber liquidators (NYSE:LL) as being “in possible buy range”.
Featured story stocks include Netflix and Hi-Tech Pharmacal (NASDAQ:HITK). The INSIDE THE 100 column is titled “Many Leaders Breakouts Going Nowhere, Some Fail”.
7 of the top 20 stocks are China based companies and several more are also from outside the USA, continuing a long streak of foreign dominance of the IBD 100.
As this is Heisman Trophy weekend, be sure to read the biography of Ernie Davis on page 4 of IBD.
Disclosure: Disclosure: no positions