An up day on Monday could trigger a GMI Buy signal.  I prefer to wait on the sidelines.  Some of my hourly indicators suggest to me that the DIA, QQQ and SPY could retreat Monday from their recent bounce peaks.  But if they hold, the market trend will turn up again.  I remain very skeptical […]

For the first time since December, 2012, the QQQ has closed the week below its 30 week average (solid red line).  This is a serious sign of weakness that bears careful watching (pun intended).  If the QQQ remains below its 30 week average so that the average itself turns down, it will signal to me […]

I have been posting for a while that the tech stocks were weak,  as reflected in the QQQ, even as the large cap stocks in the SPY and DIA remained strong. My short term trend count on the QQQ reached the 10th day of its down-trend on Friday.  I noted in my Thursday night post […]

Monday is a critical day for the market.  The QQQ is over-sold and it will either bounce or begin a significant decline. The key is to wait for the end of the trading day, around 3:45 PM, to see where the market will settle.  Right now I remain mainly in cash in my trading accounts, […]

Friday’s late reversal threatens to end the QQQ short term up-trend that completed its 29th day on Friday. A down or flat day on Monday could begin a new short term down-trend.  However, with the end of the first quarter mutual fund window dressing occurring this week, the market could start off down on Monday […]

With the GMI  at 5 (of 6), the longer term up-trend remains intact. IBD sees the market uptrend under pressure and notes that the put/call ratio on Friday was approaching 1.0, a sign that a bounce may be coming as bearishness grows. I am largely in cash in my trading accounts, having had my positions […]

These 10 stocks broke through multi-month bases to all-time highs last week. I draw a green line at an all-time peak not broken for at least three months, sometimes for years.  I then use TC2000 to put in an alert and send me an email when the green line is broken.  All of my students […]

The markets reversed strongly down on Friday as did many of the speculative stocks I watch. Friday was also a high volume down (distribution?) day for the QQQ.  The market averages have been advancing since they bounced on 2/5.  I would not be surprised to see some retracement as current  events in Ukraine provide a […]

I have told you that I have been writing weekly calls on my position in GLD. GLD is an ETF that owns gold.  I have been learning how to bring in a nice income by writing calls on GLD because gold seems to be turning up in a Stage 2 up-trend. Gold often reflects investor […]

I spent a wonderful morning Saturday presenting a workshop to the DC Metro AAII Chapter. The audience of primarily Boomers was very appreciative of my rather conservative presentation. I stressed the desirability of focusing more on ETF’s than individual stocks in order to lessen volatility and stress levels. As always, I recalled some points I […]