On December 23rd, the GMI flashed a buy signal.  I remain invested long in my university pension and hold several long positions in my trading accounts.  AAPL has helped to drive the Nasdaq 100 index (QQQ) higher.  GLD may be reaching the end of its rebound from oversold levels.  With its stochastic at 89, I [...]

This up-turn looks like it has legs. I am accumulating some QLD, given that the GMI gave a buy signal on December 23.  AAPL is coming back and helping the QQQ to rise.  ASPS faked a high volume down-side break, as it recovered strongly on Thursday.  If it can break above its top Bollinger Band [...]

The up-trend continues.  Four stocks came up in my new high and good fundamentals scan: ISRG, ARG, WPZ, DXPE. Not all stocks did well on Wednesday. After about 10 weeks of a rise, ASPS finally weakened.  Note the high volume break below the narrow Bollinger Band consolidation. Click on daily chart to enlarge. The stock [...]

I am more confident of this new QQQ short term up-trend now that it has reached the 5th day.  There were 262 new 52 week highs on Tuesday.  The GMI flashed a buy signal on December 23 and remains in place.  Only 1 stock passed my new high with great fundamentals scan, CMG.  However, CMG [...]

The GMI remains at 6 and there is still a bullish signal in place.  I reviewed the performance of the GMI during this break and found it to have performed quite well since I began posting it in 2006.  I will eventually publish the findings.  For now, I will just say that the WishingWealth General [...]

The GMI is back to 6 and the QQQ short term up-trend continues.  The GMI indicator flashed a bullish trend signal on December 23rd, which remains in force.  I wish everyone a wonderful Happy New Year.

The QQQ hit a declining trend line on Wednesday.  Tuesday was only the second day of its short term up-trend.  The GMI fell to 4.  One reason for the decline in the GMI is that the IBD Mutual Fund Index closed below its 50 day average.  When the managers of these growth mutual funds cannot [...]

As you know, I rely heavily on the Worden software, TC2000, for tracking the market and computing my GMI stats. The Worden 2012 Conference Tour is beginning in January and will visit the DC area on April 13 and 14.  I am pleased to present 4 lectures during the two day conference.  I hope to [...]

The GMI is back to 4 and another up day in the QQQ could raise it to 5 and provide a bull signal.  Meanwhile the QQQ short term down-trend reached day 8 on Thursday.

Wednesday was the 7th day of the current QQQ short term down-trend.  However, the DIA and SPY are showing  signs of strength.  Often times after a declining market, investors are cautious and buy the blue chips first.  After they have profits and feel more comfortable with the market, they buy the more speculative tech type [...]