With the end of the quarter today, I am watching carefully to see if we will get a short period of October swoon before earnings start coming out.  While my  indicators are all positive, note the T2108 is 84%, a high  reading typical of an overbought market.

AAPL and BIDU had large volume intraday declines but closed well off their lows.  Such “air pockets”  could be a sign of weakness to come. However, their daily and weekly up-trends remain intact for now.  Tuesday was the 16th day of the current QQQQ short term up-trend.  During this up-trend the QQQQ has gone up [...]

With the end of the third quarter upon us, I am holding on to stocks that have been strong.  I expect that mutual funds are acquiring them so that they will look good when their reports of their holdings come out.  Why the SEC does not require funds to report their average cost (purchase price)  [...]

I identified the beginning of the new QQQQ short term up-trend on September 7th.  The GMI on that day registered  5 (of 6).  One of the lessons I learned from the great Nicolas Darvas is to use one’s own judgment and to insulate oneself from the news, media pundits and other traders.  He learned this [...]

This up-trend remains intact as we head into end of quarter mutual fund window dressing.  I look for the market leaders such as AAPL, BIDU and NFLX to finish the month strong.  It will be interesting to see if we will get some typical October weakness. For now, all my indicators are positive. Two  QQQQ  [...]

After the huge run-up last week, unless the up-trend is broken, I am holding my positions at least through end of the quarter window dressing during the last week of September.  The market leaders appear to be holding up well.

All indicators remain positive. Riding this up-trend.  Another IBD 100 rocket stock near its all-time high: ARUN, (Click on chart to enlarge.)

What a day Monday was–the best for my accounts in years.  AAPL broke out and most of my stocks climbed.  There were 392 new 52 week highs in my universe of 4,000 stocks, the most since last April.  But last April marked the end of a major 13 month rise off of the 2009 bottom. [...]

With options expiration behind us, the next major event that may cause the stronger growth stocks to go higher is the end of quarter mutual fund window dressing.  This event will be followed by release of quarterly earnings beginning in mid-October, followed by election results. All of these events might give the market a reason [...]

The stocks I have been watching (go to www.wishingwealthblog.com and see list on lower right of this post) have been climbing nicely.  Wednesday evening I wrote about AAPL’s strength and showed a weekly chart—up $6.35 on Thursday!  I own AAPL and expect it will move on to all-time highs shortly. With the GMI at 6 [...]