My DARVAS scan picked up 22 stocks.  These are stocks that meet criteria similar to those used by the great Nicolas Darvas , when he made 2 million dollars trading in a two year period in the 1950′s. (See his classic book listed on the lower right of this site.) One of these stocks is [...]

The Worden T2108 , at 86%, is near the highest level it typically reaches on rallies.  There were 437 new 52 week highs on Wednesday, the most since last July. Of the 34 stocks hitting new highs and having good fundamentals, eight had recent quarterly earnings gains of 100% or more:  MON,TCO,MDCO,BCH,URI,ALXN,AAPL,WCG. Of these, TCO, [...]

Short and longer term trends remain up. On Tuesday, 285 stocks hit new 52 week highs and only 17 hit new lows. As this monthly chart shows, AAPL continues to soar.

Since the GMI flashed a by signal on December 23rd, the QQQ has advanced +7.8%, the QLD +16% and the TYH +24.7%.  In the same period, 30% of the Nasdaq 100 stocks have advanced 10% or more and only 5% have advanced more than 23%.  Yet again, we find that riding a triple leveraged ETF [...]

GMI remains at 6 (of 6).  T2108 is still in overbought territory, as is the QQQ daily 10.4.4 stochastics, now at 86. Gold (GLD ETF) still appears to be headed higher. With earnings season almost over, we could enter a period of retracement and consolidation. The key is to wait for a signal rather than [...]

The up-trend in the QQQ continues.  I have written about the probable down-trend in gold, as measured by its ETF, GLD.  However, you can see from this daily chart that GLD broke its down-trend on Wednesday on above average volume.  Since I already own an in-the-money  put option on GLD, I have purchased 100 shares [...]

Some QQQ short term up-trends have lasted as long as 80 days.  However, one warning sign that this market is getting frothy is that the T2108 is at 86%.  While the T2108 indicator can remain at this overbought level for a few weeks, it nevertheless is near the highest level that it reaches.  The yearly [...]

GMI remains at 6. Is it time to call this a resumption of the bull market?!  This daily chart of GLD suggests that gold is at resistance.  Will it resume its down-trend or break through?  

GMI remains at 6 but T2108 is in overbought territory, at 84%. Fourteen stocks came up on my 52 week high with good earnings scan: CMG,TCO,WPZ,ASPS,HIBB,SIX,LECO,WYN,PZZA,AIT,CALM,FWRD,SE,INTC TCO appears to be a RWB stock breaking from a base. Click on chart to enlarge.

With the Worden T2108 at 83% and 95% of the Nasdaq 100 stocks closing above their 30 day averages, I am reluctant to take on more long positions now.  I am selling calls on long positions and waiting for a drop  to support to increase my long positions.  Longer term up-trend is up but I [...]