Everyone wants to know if the bottom of this bear market is finally in place. The truth is that only liars and lucky people can really call a bear market bottom close to its occurrence.   I noticed years ago that the pundits on TV usually felt comfortable calling a new bull market about six months [...]

The QQQQ rally finished its 6th day on Wednesday. There were 10 new highs and 12 new lows in my universe of 4,000 stocks on Wednesday.  IBD 100 stocks (from my lists the past year)  at new highs are:  SNDA, CPSI, TNDM, ROH, SGP, MYGN and QSII.  TNDM and QSII hit all time highs.  The [...]

The GMI is at 2 (of 6)  and the GMI-R is at 6 (of 10).  The QQQQ completed the 5th day of its short term up-trend.  This is a counter-trend rally, with the long term trend remaining down.  Still, this is a trade-able rally as long as it lasts.  There were more new highs than [...]

This is an extremely difficult market for me to interpret.  The QQQQ completed the 3rd day of a short term up-trend, and the QQQQ completed its first week back above its 10 week average.  There were 6 new highs and 25 new lows in my universe of  4,000 stocks on Friday.  The last time there [...]

My short term indicators are coming back, although we are not out of the woods yet.  The GMI is now at 2 and the more sensitive GMI-R is at 5 (of 10).  The QQQQ short term down-trend ended after 21 days, and an up-trend has begun.  However, there were only 11 new highs and 17 [...]

It’s is great that Jon Stewart informed the world last week that the media pundits at CNBC  failed to provide accurate information about the impending financial crisis.  But by using technical analysis, I warned my readers last June what the charts were telling me and transferred my pension money  out of mutual funds to money [...]

The rally continues, with 7 new highs and 106 new lows in my universe of 4,000 stocks on Thursday.  The T2108 is now out of oversold territory, at 21%.  The GMI-R is now up to 2 (of 10).  The QQQQ completed the 18th day of its short term down-trend.  This rally is still occurring within [...]

There were 3 new highs and 106 new lows in my universe of 4,000 stocks on Wednesday.  The QQQQ completed the 17th day of its short term down-trend.  It would have to rise a lot more to begin a new up-trend.  Still, I cannot resist buying an occasional strong stock during a counter trend rally. [...]

The T2108 was in single digits for six consecutive days before Tuesday.  Anytime this index is below 10, the market is oversold and  it is a good time to look for a rally.  There were 6 new highs and 148 new lows on Tuesday in my universe of 4,000 stocks on Tuesday.  Tuesday was the [...]

Don’t mind me, but this video was even better than the one that started this whole mess: The Daily Show With Jon StewartM – Th 11p / 10c In Cramer We Trust Daily Show Full Episodes Important Things With Demetri Martin Political Humor Economic Crisis