I have been saying for quite some time that we needed to wait until the counter-trend rally was complete in order to see if the recent bottom will hold.  If the bottom holds, we could see the rally resume.  Still, the market remains in a longer term down-trend for now and it makes the most [...]

I am still waiting for to see whether this base will hold.  Friday was the 18th day of the QQQ short term down-trend.  The longer term trend remains  down.  It is very tempting to nibble at stocks that are rebounding.  The problem is that the decline could resume quickly for such stocks.  It is much [...]

I had the opportunity the past few weeks to listen to CNBC and other financial reporters more than usual.  I am tired of listening to them pontificate about how long the decline will last and whether gold can climb higher.  No one knows the answers to such questions.  The market is a collection of people [...]

I transferred all of my university pension from mutual funds to a money market fund.  I know I should have done this in stages, but I just got tired of worrying about the risks.  I am willing to give up subsequent gains for a while in return for the comfortable thought that I probably will [...]

I have thought all weekend about what I should post Monday morning.  Everyone is trying to predict what will happen on Monday.  That is not my game.  No one knows what will happen and surely the media will tout the few persons they are aware of who get it right, simply by luck.  With all [...]

The market is showing a strange split similar to the one that occurred in early 2008 when the SPY showed a lot more weakness than the QQQ.  This is because the financial stocks in the SPY were cratering while the Nasdaq 100 index, which has no financial stocks, held up better.  We are faced with [...]

I am going to share with you  a strategy that has helped me to make money the past year.  It conflicts with most of the truisms that we have been taught about the market. But if we trade like most people do, than we can expect to have the results most have— to not make [...]

In spite of all of the bad news about raising the debt ceiling, the up-trend continues. With the GMI and GMI2 each registering 5 (of 6), I must respect this up-trend.  I do not think we would be seeing such buying in GOOG or AAPL if this market were going to enter a prolonged down [...]

I am impressed by the action of the leaders on Friday, especially of AAPL (which I have bought call options on).  Five of my nine leaders rose on Friday.  Growth stocks are back in vogue. The GMI and GMI2 are both at 5, of 6 and both the QQQ and SPY are above their 10 [...]

IBD has today labeled the market in a resumed up-trend, even though there was never a classic follow-through day.  See today’s IBD for their rationale (or rationalization). And my indicators are now positive, maybe too positive.  The GMI is now 6. In just a few days, the T2108 indicator has risen to 70%, near where [...]