The QQQQ is going back and forth over its key 30 day moving average.  Time will tell whether this new short term  up-trend, now in its 4th day,  will hold.

I am writing this post primarily to teach my students how I search for potential rocket stocks–stocks that have been launched and appear headed towards new peaks.  As I said in class this week, it makes the most sense to buy stocks that have the best fundamentals and technicals.  This strategy has been advocated both [...]

A rise in the QQQQ on Thursday and Friday will likely turn my trend indicator up.  Wednesday was the 18th day of the short term down-trend. However, there were 167 new highs in my universe of 4,000 stocks on Wednesday, the most since January 21. And 53% of the Nasdaq 100 stocks closed above their [...]

While the short term down-trend is still in place, a lot of stocks I watch are gaining strength. And surprisingly, short term rates are starting to rise, perhaps in anticipation of a recovery in the economy. First, note that the GMI-R, which is more sensitive to  short term changes, has risen from 1 to 5 [...]

Last October, I wrote a post showing that in the market’s rise, 70% of the top 10 stocks in the IBD 100 list outperformed comparable stock indexes.  Well, I repeated the analysis for the top ten stocks in the IBD 100 list published on 01/11/2010.  I compared the closing price of each stock on the [...]

For the first time since early November, there were more new lows than new highs in my universe of 4,000 stocks on Friday. Furthermore, the Worden T2108 indicator is getting near the level (below 20%) where declines sometimes end.  Friday was the 11th day of the current QQQQ short term down-trend.  We are either at [...]

The GMI remains at 1 (of 6) and the more sensitive GMI-R is 2 (of 10).  While many stocks have bounced off of extremely oversold levels, it remains to be seen if they can break through resistance. I am nibbling a little and placing close sell stops below the low of the bounce. I am [...]

I started teaching two classes on technical analysis last week and will explain more of my concepts and include informational links, as many students will be new readers.  My General Market Index (GMI) keeps me trading with the general market’s trend.  The GMI is a count of 6 short and long term indicators.   Because I [...]