Groupmark China Index

The Groupmark China Index continues to push into new recovery high territory.  Volume picked up for the fourth day in a row to 97mm shares the highest volume in several weeks.  Also the list of stocks making 52 week highs increased to 9, another recovery high.

Stocks making new highs.

admin GC Index, Index Leaders caas, cfsg, china, cisg, jst, rino, tstc, vit, WATG

The Groupmark China Index closed at 2206.43 a new high for 2009.  It was accompanied with volume of more than 83 million shares, the heaviest volume in 4 weeks.  Another interesting development is in the new high data.  On Thursday and Friday we had more new highs than any other time this year.

Here are the charts of the stocks that made new highs this week.

Keep an eye on our list of new highs as well as stocks that are starting to move above their moving averages in order to get on board a potential new major trend.

admin GC Index, Index Leaders cfsg, cisg, New HIgh, rino, tstc, WATG

Here is a look at the top performing stocks since the March lows in the index.

admin Index Leaders ADY, APWR, CANL, CSIQ, FEED, SOLF, SUTR, TSL, WATG, YGE

The Groupmark China Index 10 most active components

admin Index Leaders AOB, CSIQ, FEED, FMCN, JASO, LDK, SOL, SOLF, TSL, YGE

The Groupmark China Index closed today above its 200 day moving average for the first time since June 9, 2008.  The index added 114.03 points to close at 1496.64 a 7 Month high.

The index advanced with heavy volume of 74 million shares almost 2 times the average daily volume.  One industry that continues to lead is solar with Trina Solar Ltd (TSL) closing at 18.07 up 2.17 (52 week range 53 - 5.61).  Canadian Solar (CSIQ) closed at 8.95 up 2.09 (52 week range 51 - 3) and JA Solar (JASO) closed at 4.06 up .56 (52 week range 26 - 1.55).

Other top performing stocks in our index listed below.

admin GC Index, Index Leaders CSIQ, JASO, TSL

The Groupmark China Index has recently been lead by the Solar Power stocks.  7 out of the 10 most active stocks are solar power related.  The Index is consolidating above the 50 day moving average.  Based on the internals today (2 to 1 in favor of the advancers) the break out be to higher levels.  A confirmed break out above 1193 with volume should confirm the uptrend.

admin Index Leaders