Posted Wednesday, May 7, 2008 @ 12:01 am by Dr. Wish

GMI: 6; GMI-R: 10; almost 100% invested

For the first time since December 26, the GMI is now at the maximum reading of +6 (of 6) and the GMI-R is  10 (of 10).  There were 121 new highs and 54 new lows in my universe of 4,000 stocks on Tuesday.  Tuesday was the 31st day since I identified the beginning of the current QQQQ up-trend.  I transferred my university pension from money market funds to growth mutual funds today.  I am also almost totally invested in stocks in my IRA.  I continue to hold a large position in QLD, the ultra QQQ ETF that strives to double the performance of the Nasdaq 100 index.  I also own growth stocks such as AAPL, RIMM, GOOG, URBN, and V.  I also own some of Judy’s picks:  CPST and IMAX.


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