Posted Friday, December 19, 2008 @ 12:01 am by Dr. Wish
GMI: 2; GMI-R: 4; options to expire
Thursday was the 8th day of the current QQQQ short term up-trend. The GMI and GMI-R remain unchanged, at 2 and 4, respectively. There were 11 new highs and 40 new lows in my universe of 4,000 stocks on Thursday. Four of the new highs were on some of my IBD100 lists from the past year: DLTR, CWT, SHEN and THOR. These stocks may be among the new market leaders if this up-trend holds. Meanwhile, options expire on Friday, and I believe that all of the cash secured puts I sold will expire worthless, and profitable for me.
Add a Comment
