The up-trend continues as the GMI and GMI-R both rose on Monday.  The key is what happens after June is history and earnings come out.

The rally in strong stocks as part of mutual fund window dressing will end by Tuesday.  Then we wait for earnings to drive stocks.

The QQQQ is back in a short term up-trend and tech stocks rose as mutual funds bought up recent winners.  They can then send out their quarterly reports showing how smart they were to own the strong stocks that have done well.  The trick is that their reports  do not show when they purchased them–often [...]

The GMI and GMI-R are back to 2.  If the markets close down on Wednesday, I will go short and/or to cash.

Monday’s carnage reduced the GMI and GMI-R, and the short term up-trend in the QQQQ is in jeopardy.  The longer term weekly up-trend and Stage 2 up-trend are still intact, for now.  There were only 4 new highs and 12 new lows in my universe of 4,000 stocks on Monday.  The Worden T2108 indicator is [...]

The market held by the end of last week and I am getting more bullish.  This is because we appear to be at the beginning of a significant turn up in the QQQQ.  According to Weinstein’s stage analysis, the QQQQ is beginning a Stage 2 up-trend, as shown by the fact that its 30 week [...]

Many of you have requested that I post a chart showing the recent performance of the GMI over the past year.  The GMI, though not perfect, has successfully kept me on the right side of the market through the 2000-2002 and 2008 bear market declines.  I simply go to cash in my university pension and [...]

The GMI is back to 5 (of 6) and the GMI-R  to 9 (of 10). There were 30 new highs in my universe of 4,000 stocks on Wednesday.  Stocks on my IBD 100 lists at new highs include:  TSRA, LL, SYNA, STAR, VPRT, URS, HDB, ICUI, MTXX, NTES and NVEC.  I am selling puts on [...]

It is rare that I complete an analysis whose findings totally surprise me, but take a look at this one.  A lot of the pundits claim that the ultra ETF’s,  leveraged baskets of stocks that try to double or triple the performance of their underlying indexes or sectors, fail to achieve their goals.  So, just [...]