All six of the short and long term GMI indicators are positive for the first time since June 5, 2008, before the big market decline began.  The more sensitive GMI-R is now 10 out of 10.  I am therefore getting fully invested in my IRA and university pension accounts.  Of course, the market could turn [...]

The up-trend continues but the T2108 is at 85%, about as high as it gets.  That does not mean we will get a decline, for it can stay above 80% for weeks.  I went to an investor’s group meeting this weekend and was amazed to find that many sophisticated investors are resisting this rally.  About [...]

To be successful in the market, I have to block out all other opinions and look at what the market is telling me.  The market successfully tested support last week and the 30 week averages for the SPY, QQQQ and DIA are turning up.  This is a classic Weinstein Stage 2 pattern.  I get out [...]

The major indexes all held at their 30 week averages and the QQQQ is in a strong Stage 2 advance.  There were 43 new highs in my universe of 4,000 stocks on Wednesday, the most since September 19th.  There were only 6 new lows.  The GMI is at 5 for the first time since April [...]

There were 32 new lows on Friday in my universe of 4,000 stocks, the largest number since March 12th!  There were only 9 new highs.  Friday was the 5th day of the new QQQQ short term down-trend.  Why try to fight the down-trend when one can sit calmly on the sidelines?  The major positive I [...]

With the GMI and GMI-R back to 1, I remain mainly in cash. I am a chicken, and prefer to wait out times like this.  The T2108 is at 27% still not at the depths where meaningful turns come.  The key to success in the market is to lose little during the bad times.

My short term indicators are weakening and a lower close of the QQQQ on Monday would bring the GMI to 2.  I am very defensive right now.  Only 7 new highs and 9 new lows in  my universe of 4,000 stocks on Thursday.  The Worden T2108 indicator is now down to 41% and will have [...]