If calling the short term trend of the market were easy, we would all be rich and retired.  Last week, my short term QQQQ indicator gave me a head fake and turned my daily trend count down.  That new downtrend lasted for two days and then the up-trend resumed.  However, I had indicated at the [...]

Well, the QQQQ short term down-trend lasted only 2 days.  Now, my indicators suggest a new short term QQQQ up-trend may have begun.  This is a very difficult time in the market and it is wise to go very slowly with the trend.  I always wade in slowly and add more as a trend proves [...]

I am very cautious about the current market.  I believe that we have entered a new QQQQ short term down-trend.  On Friday there were just 11 new highs and four new lows in my universe of 4,000 stocks.  In addition, a number of leaders have broken down, including AIPC, QSII, ALGT and NFLX.  When rally [...]

On May 10, I wrote: “So, stocks on the New America list often take off sometime after their story is published in IBD.  One recent addition to the New America list that looks promising technically to me if it can break $18.60, is ASIA. ” After I wrote that post, I placed a  GTC (good [...]

I always have to remember not to anticipate a change in trend, but to wait for the actual signal.  On Monday, the QQQQ went to the edge of support and held.  There were 19 new highs and 8 new lows in my universe of 4,000 stocks on Monday.  Only 3 of the new highs were [...]

The QQQQ is resting right on support. A decline on Monday would signal to me the beginning of  a new short term down-trend. There were only 7 new highs and 8 new lows in my universe of 4,000 stocks on Friday.  GOLD broke to an all-time high last week and GLD, the gold ETF,  closed [...]

My technicals have weakened significantly.  There were only 7 new highs and 8 new lows in my universe of 4,000 stocks on Thursday. The QQQQ short term up-trend, now in its 41st day,  will end if the  index cannot hold current levels.  QQQQ is riding right on support.  Meanwhile, the Worden T2108 indicator is now [...]

The QQQQ completed the 37th day of its up-trend on Friday.  However, there were only 16 new highs and 5 new lows in my universe of 4,000 stocks on Friday.  Five of the 16 were on my IBD100 lists:  VNUS, GMCR, HANS, LINC and INT.  All of these 5 but  VNUS were also on the [...]

Yesterday Dr. Wish was published in IBD’s IBDextra newsletter.  Some of you might enjoy reading a little more about the man behind the blog by visiting the article here: IBDextra – Investor’s Business Daily Monthly Newsletter Also for all you tweeters out there, make sure to follow us on twitter!

The QQQQ up-trend completed its 32nd day on Friday.  When will the up-trend end?  No one knows.  My strategy is to hold growth stocks as long as the up-trend is in place.  Prior up-trends the past 3 years  have lasted as long as 86 days.  So the current up-trend may have a time to go, [...]