Short and longer term trends remain up.

AAPL had a high volume reversal on Wednesday and the Worden T2108 indicator started to decline.  Perhaps we will now get the post earnings release lull and consolidation? Given the strong up-trend in place, I would be surprised to see a major decline.  In Leferve’s classic book (listed to lower right) about the greatest stock [...]

My internal market indicators show some weakening, but thus far it has not paid to guess tops.  As long as the GMI buy signal from 12/23 remains in place I will stay long. I remain 100% invested long in mutual funds in my university pension. Meanwhile this daily chart of AAPL shows that is has [...]

GMI buy signal in place since 12/23.

I do not like to try to predict the market.  It is as feasible as accurately predicting the number of votes someone will get in a primary/caucus!  However, it is good to look at certain indicators to see where we may be in a move.  The Worden T2108 indicator acts as a pendulum  of market [...]

Short and longer term trends remain up.

There were 269 new highs and only 15 new lows on Wednesday.  A stock with good fundamentals and hitting a new high is DKS.  This weekly GMMA chart shows it to be an RWB stock breaking out of a base. Click on chart to enlarge.

Another stock that came up on my Darvas scan is PXD.  PXD recently broke to an all-time high. Check out this weekly chart.  

JAZZ has a great technical pattern and may have had a cup-with-handle break-out.  See this weekly chart. JAZZ is also a RWB rocket stock.