The GMI kept me out of this market decline.  Both the GMI and the GMI-R are at zero.  I will wait for the GMI to get back to 3 before I will even consider going long again.  Meanwhile, my account rose on Tuesday, as I held some TYP and some put options.  I have been [...]

Market remains in a short term down-trend.  I remain mostly in cash and short. Yesterday I wrote that GOOG came up in my submarine scan.   This  Guppy Multiple Moving Average daily chart of GOOG (click on to enlarge) shows a clear down-trend, with all short term averages (black) below longer term averages (red).

Well, the GMI is back to zero and, by my definition,  the QQQQ short term up-trend is now over.  One of the toughest lessons I have learned over the past 40 years is that I should only stay in the market when there is a well defined trend.  What used to happen to me was [...]

GMI and GMI-R are both at 1.  Another weak day for the QQQQ on Friday will turn these indexes to zero and begin a new short term down-trend.  Time to be short and in cash. Over the weekend I will prepare a list of submarine stocks that may be about to dive. You can contact [...]

The QQQQ short term up-trend completed its 6th day on Wednesday.  Still, the QQQQ is sitting right on support and the SPY and DIA are in down-trends.  This is a good time to sit on the sidelines, in cash. The multiple moving average daily chart of the QQQQ below, a chart type made famous by [...]

There is again a split in the market between the nonfinancial tech stocks in the QQQQ and the big cap industrial stocks, reflected in the Dow 30 and S&P500 indexes.  A similar split occurred in the 2008 decline, when financial stocks tanked. These indexes are in down-trends, even as the QQQQ remains in a short [...]

In spite of the reversal on Monday the GMI remains at 4 and the GMI-R, at 7.  UNG closed below its 30 week average and the Stage 2 up-trend is now in doubt. Monday was the 4th day of QQQQ short term up-trend (U-4).

I often search for new market leaders by scanning stocks that hit new 52 week highs.  This table  (click on to enlarge) shows stocks that hit a new high on Friday,  that are near their all-time highs, and had most recent quarterly earnings increases of  at least +50%.  The first EPS column is the most [...]

The GMI is holding at 4 and the GMI-R at 7.  I am adding to long positions but will be more confident of the new up-trend if it can reach day 5. I am also keeping an eye on UNG, the natural gas ETF, which may be beginning a Stage 2 up-trend. Note the weekly [...]

According to my indicators, the market has moved to an up-trend.  The GMI is now 4 and the GMI-R is 7.  Wednesday was the first day of the new QQQQ short term up-trend.  I am slowly adding to my positions  in QLD and other growth stocks. I remain vigilant for any signs that this rally [...]