I am in cash in my trading accounts.  With the GMI at 1, there is no reason to hold long positions. Note that the QQQ has now closed below its 10 week average, but the Spy is still above it.  With the T2108 indicator at 58%, the market is not in oversold territory. I would [...]

While this market has shown extreme volatility, the indexes are remaining above their key daily and weekly moving averages.  A few more good days could yield the powerful 4wk>10wk>30wk pattern on the QQQ.  If only AAPL would come to life!  A major  signal for caution I see is that the Worden T2108 indicator is very [...]

With the GMi at 5, I am fully invested in mutual funds in my university pension. I am accumulating QLD and DDM in my trading accounts. The QQQ has closed above its critical 10 week average for 5 weeks.

The GMI is at 6 and the QQQ short term up-trend completed its 14th day on Friday.  Some short term up-trends have lasted more than 80 days.  However, it is rare to see 86% of NYSE stocks close above their 40 day moving average (T2108), although T2108 has reached 92% before. I remain invested long, [...]

The QQQ short term up-trend is now 9 days old.  The Worden T2108 is now at its highest reading (68%) since last July.  There were 85 new 52 week highs on Friday, the most since last July. This market is showing some signs of life.  The GMI is at 4 and could turn 5 on [...]

With the QQQ now back above its 30 week average (solid red line), I am ready to reenter this market. The QQQ, composed of tech stocks, is outperforming the SPY and DIA. Friday was the 4th day of the new QQQ short term up-trend. AAPL has emerged as a leader again and there is too [...]

With the GMI and GMI-2 each at zero, I have gone to cash.  However, I am 30% invested in mutual funds in my university pension because of trading limits.  The only glimmer of bullish hope that I see is the fact that the Investor’s Intelligence poll of investment advisers still shows more bulls than bears, [...]

According to how I define short term trends, QQQ is still in an up-trend, having completed its 12th day on Friday. We will see whether it will hold this week.  The GMI is still 1 (of 6) and the GMI-2 is zero.  The T2108 is at 20%, in low, neutral territory.  The T2108 indicator reached [...]

To understand human beings, one must concentrate on their behavior rather than their words. The same goes for the markets.  Ignore all of the verbal noise of the media pundits and concentrate on the markets’ actions.  And this market appears to be turning around, at least for now.  The T2108 is well out of oversold [...]

I was tempted to buy some longs recently and paid the price.  I am now back to 100% cash.  With the GMI at 1, it makes no sense for me to be buying or holding stocks.  When the market turns up, there is plenty of time to go long and profit.  The QQQ short term [...]