The Worden T2108 Indicator is now at 61%, the highest reading since August 28.   This means that 61% of NYSE stocks closed above their 40 day moving averages.  This reading places this market pendulum close to the area where tops have occurred (above 70%).   There were 11 new highs and 65 new lows in my [...]

Why is it that we all appear to be addicted to predicting the markets?  If you will review the many pundits’ predictions from the beginning of this year (and every year) you will find that it is very rare that anyone successfully predicts the market’s performance over the coming year.  Whether you look at Jim [...]

The QQQQ short term up-trend completed its 10th day on Monday.  But it is right on the critical 30 day moving average (28.91).  I remain in a few long positions, but am ready to throw things into reverse if the market turns down. We remain in a major long term down-trend and any counter trend [...]

The cash secured puts I sold all expired unexercised, so I made money the past month.  I will write about this promising strategy in the future.  Meanwhile, the indexes are in up-trends, but still relatively weak.  This week we shall see if we can get more confirmation of the up-trend.  I will sell more puts [...]