The QQQQ bounced on Friday from very oversold daily stochastic readings.  The daily stochastic remains oversold, so Friday’s bounce may last a little longer.  However this weekly GMMA chart of the QQQQ  (click on to enlarge) shows all of the moving averages converging and flat.  We are just going to have to wait for the [...]

I am inviting all of you to attend my second Worden webinar with the talented Julia Ormond  Tuesday evening.  To register for the free webinar, go to www.worden.com.  If you miss it or missed my first webinar, the Worden staff archive them on their site for later viewing.  I will talk about the current market [...]

With the GMI and GMI-R now at one, the technical signs are just too weak to own stocks.  The QQQQ has just started a new short term down-trend (D-1) by my criteria. The 30 week average of the QQQQ is flat, which leads to many whipsaws of the indexes above and below the shorter term [...]

I know many people doubt the ability of this rally to continue.  But the QQQQ short term up-trend is only 11 days old!  I decided to apply the stochastics  indicator to the Worden T2108 Indicator.  The T2108 acts as a pendulum of the market, going from overbought to oversold, as does the stochastic.  The weekly [...]

On Saturday, I had the honor of speaking before the Virginia AAII Computerized Investing SIG.  I spoke about my technical analysis course at the University of Maryland and my trading strategy.  I presented a lot of material which I included in my Worden webinar.  For those who missed Saturday’s session or would like to review [...]

For those of you who are first time readers, welcome!  I want you to know that I write this blog to share my experiences gained from trading over more than 40 years. I also write this blog to educate my students at the University of Maryland, who are enrolled in my classes on technical analysis [...]

When the market has been in  short and long term down-trends, and then it  goes up 5% in four days (measured by the Nadaq 100 ETF, QQQQ) , one is left with the question of whether it is time to go long?  The truth is that no one knows for sure if the current rally [...]

At lunch on Friday I told my friend that I was moving 60% of my pension holdings from stock mutual funds to money market funds.  She was incredulous that I would do so after the market was already down so much.  I think her statement represents the psychology of the moment. The market has already [...]

Well, the GMI is back to zero and, by my definition,  the QQQQ short term up-trend is now over.  One of the toughest lessons I have learned over the past 40 years is that I should only stay in the market when there is a well defined trend.  What used to happen to me was [...]

I often search for new market leaders by scanning stocks that hit new 52 week highs.  This table  (click on to enlarge) shows stocks that hit a new high on Friday,  that are near their all-time highs, and had most recent quarterly earnings increases of  at least +50%.  The first EPS column is the most [...]