All of my GMI and GMI-2 indicators are now positive. One concern, however,  is that the T2108 Worden indicator is now at 77%.  This means that 77% of the NYSE stocks closed above their average price over the last 40 days.   The closer T2108 is to 90% the more over bought the market tends to […]

I recently discovered the social media index ETF, SOCL.  This is a way to own a number of key social media companies.  I bought some and like the technical pattern. Here is a monthly chart of SOCL.    

INVN flirted with a green line break-out on Tuesday on above average volume. Check out its daily graph.  INVN has an IBD composite rating of 93. Note the large up volume, black spikes. WWE also had a high volume green line break-out.

Stocks that rose during Monday’s sell-off are exhibiting great relative strength and may lead the market higher when it rebounds. AAPL and TSLA both advanced on Monday.  IRBT may have found support at its recent green line break-out. My perspicacious stock buddy, Judy, has been interested in IRBT for a long time. I own some […]

GMI remains at 6 (of 6).  

It looks like FLT, a steady winner last year, has broken out of a twelve week consolidation. IBD gives FLT a Composite Rating of 98. Check out its weekly chart.

GMI remains at 6 (of 6).

The GMI remains at 6 (of 6) and on a Buy signal.

Chart of PCYC looks like a major break-out coming this morning. Judy has been talking about PCYC for some time.

AWAY had a large volume green line break-out above its 2011 high on Thursday.  AWAY reported earnings on 2/19. See daily chart below. As did ICLR: