The indexes are on or below support. A lower close on Tuesday will get me out of all positions. I have lightened up on QLD and my longs are getting stopped out. The T2108 is back down to 68%, in neutral territory. Only one new high on Tuesday and 29 [...]

One of the GMI and GMI-R components counts whether the IBD growth mutual fund index is above its 50 day average. My logic is that when these mutual funds are doing well, so will I be likely to, when I buy similar growth stocks. IBD no longer publishes the 50 day average for the [...]

In spite of all of the negative news out there, the QQQQ still appears to be recovering, having completed its 21st day of a short term up-trend.  There were only 11 new highs and 12 new lows in my universe of 4,000 stocks on Thursday.  Still, 82% of the Nasdaq 100 stocks closed above their [...]

The GMI-R fell one, to 5 on Wednesday. There were only 5 new highs and 12 new lows in my universe of 4,000 stocks on Wednesday.  None of the 5 new highs were on my IBD100 lists from the past year.  The QQQQ completed the 20th day of its short term up-trend.  The T2108 indicator [...]

The QQQQ short term up-trend continued and completed its 19th day on Tuesday.  The GMI and GMI-R remain unchanged, at 2 and 6, respectively.  A note of caution, however, is that the Worden T2108 Indicator hit 89%, about as high as it gets during an up-trend.  This means that 89% of the NYSE stocks closed [...]

I escaped 2008 with a small loss in my account (-5%).  Not bad, compared to how the indexes did (down 35-40%), but not great, given that I did trade some short positions (with puts) during the year.  On December 24, IBD published a table listing the performance of the best growth mutual funds since April, [...]

The markets showed some life on the last days of trading for 2008.
The GMI remains at 2 (of 6), but the more sensitive GMI-R is now a 6 (of 10). The last time the GMI-R was at 6 was on August 28.  And the Worden T2108 indicator is now at 72%, not far from the [...]