GMI: 6; Writing new covered calls

The GMI is at a maximum of 6 and the up-trend of the QQQQ is in its 16th day.  I am holding QLD (the Ultra long QQQQ ETF), and a few long positions.  90% of my covered call positions were called away from me this weekend and I am back in cash.  Time to write new covered calls on IBD100 stocks this week and  to enjoy this up-trend. As Marin Zweig showed years ago, never fight the Fed.

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