I am dumbfounded!   I recently taped some of Cramer’s shows and reviewed Friday’s show this weekend.  At about 10 minutes into his show, Cramer responded to a caller who asked him about the use of stop loss orders.  Cramer ranted on about how he did not want his “home gamers” to put their orders on [...]

The market closed strong on Friday, as AAPL broke out to a new high.  Technology is where the action is right now.  However, one caution flag is that the T2108 is now at 81%, very near to being in overbought territory.  Last May, the T2108 reached a peak at 92%.  Meanwhile, the GMI

The short term up-trend in the QQQQ finished its 6th day on Friday.  I like the fact that AAPL is holding up.  We need to watch the leaders for signs of where the market is headed. I went through the new highs on Friday using the methodology I described last week.  In doing so, I [...]

I am writing this post primarily to teach my students how I search for potential rocket stocks–stocks that have been launched and appear headed towards new peaks.  As I said in class this week, it makes the most sense to buy stocks that have the best fundamentals and technicals.  This strategy has been advocated both [...]

While the short term down-trend is still in place, a lot of stocks I watch are gaining strength. And surprisingly, short term rates are starting to rise, perhaps in anticipation of a recovery in the economy. First, note that the GMI-R, which is more sensitive to  short term changes, has risen from 1 to 5 [...]

For the first time since early November, there were more new lows than new highs in my universe of 4,000 stocks on Friday. Furthermore, the Worden T2108 indicator is getting near the level (below 20%) where declines sometimes end.  Friday was the 11th day of the current QQQQ short term down-trend.  We are either at [...]

I started teaching two classes on technical analysis last week and will explain more of my concepts and include informational links, as many students will be new readers.  My General Market Index (GMI) keeps me trading with the general market’s trend.  The GMI is a count of 6 short and long term indicators.   Because I [...]

The vicious high volume break in the tech stock short term up-trend is a major sign of weakness.  The GMI is down to +2, for the first time since the decline last November. This is not the time to be brave; I must conserve my capital.  I will lighten up this week, move up my [...]

The GMI is still at 6 although the more sensitive GMI-R has declined to 8.  Still, there were 185 new highs in my universe of 4,000 stocks on Friday.  The Worden T2108 Indicator is now at 76%, within neutral territory and down from the high of 84% last week.  But only 41% of the Nasdaq [...]

All of my indicators are still in up-trends, with the GMI at 6 and the GMI-R at 10.  The Worden T2108 indicator is at 83%, not far from the highest levels that it typically gets to, around 90%. I continue to hold QLD and a few other individual stocks. Meanwhile, the QQQQ has completed the [...]