The GMI rose back to 5 (of 6); there were 102 new 52 week highs in my universe of 4,000 stocks on Thursday.  While my longer term indicators remain down, this short term rally in the Nasdaq 100 stocks (QQQQ) is still intact, having lasted five days.  I am beginning to look at the natural [...]

One reader questioned my writing that “the train has left the station” a couple of days ago.  I think I was too early in my call.  I like to describe the trend and not predict it.  Furthermore, I write often that when I think the trend has changed, I wade very slowly into the market. [...]

My power went out again in the middle of my post.  The GMI remains at 6.  Will be posting on schedule starting Wednesday night.

This is one of those up-trends that everyone loves to hate.  But the train has left the station.  I am still without power at home after the flash storm on Sunday.  When things get back to normal I will post the results of scans for stocks that meet my buying criteria.

I was prevented from completing my blog post this weekend because we lost power during the storm Sunday afternoon.  I still lack power, and will do a full post when it returns and I can get on my home computer. The only indicator still negative is the QQQQ Weekly Indicator, which means the longer term [...]

The indexes are very close to breaking above their key longer term moving averages.  There were 134 new 52 week highs and only 17 new lows in my universe of 4,000 stocks on Thursday.  The Worden T2108 Indicator is now at 70%, almost in overbought territory.  The GMI is at 4. The IBD Mutual Fund [...]

The GMI declined to 2 (of 6) and the GMI-R to 4 (of 10).  We are at a point in time when the daily moving averages are flat and the major indexes whipsaw us as they close above and below the averages.    I am concerned when the leaders like AAPL, GOOG and NFLX are weak [...]

For the first time since June 21, there were more than 100 (104) new 52 week highs in my universe of 4,000 stocks.  In addition, 73% of the stocks that hit a new high 10 days ago closed higher on Tuesday than they did 10 days before, showing strength in stocks hitting new highs. While [...]

The QQQQ short term trend is now back to down and the GMI is at 1 (of 6).  When tech stocks like TXN and IBM decline after hours after reporting earnings increases it does not bode well for the market–unless you are a bear. The daily GMMA chart of the QQQQ (click on chart to [...]

For those of you who are first time readers, welcome!  I want you to know that I write this blog to share my experiences gained from trading over more than 40 years. I also write this blog to educate my students at the University of Maryland, who are enrolled in my classes on technical analysis [...]