Once a decline begins, no one, including all of the media pundits, can accurately predict the bottom.  It is up to every person to determine his/her acceptable level of risk.  Contrary to the prevailing media wisdom, one does not have to stay in the market all of the time.  One can get out and wait [...]

With the GMI bearly (pun intended) at 1 and the GMI2 at 0, this is no time to be long stocks in my trading account.  During the rally that began last September and for most of the next 6 months the GMI was around 6 and registered as low as 2 on only one day [...]

The QQQ bounced up from oversold last week and is closing the gap down that occurred on May 23rd. I am watching closely to see if it can break above 58.05 and remain there. If the QQQ can’t and bounces down off of that area, I expect a continuation and perhaps, a deepening of this [...]

We are in one of those periods when the market refuses to send me clear signals regarding the short term trend.  I am therefore mainly in cash and/or completely hedged in my trading account.  I am buying put options  as insurance on all long positions. The GMI is at 5 (of 6) and the GMI2 [...]

All indicators remain positive.  However, now that T2108 is at 79%, near extreme territory where past peaks have occurred.  T2108 can get as high as the low 90′s however.

This week, after Wednesday’s earnings release,  we will probably get more clarity on AAPL’s trend.  AAPL has been a market leader and it has been weakening lately.  I have traded AAPL profitably many times by just owning it when it remains above its rising 10 week average and getting out when it declines below it.  [...]

All of my GMI indicators remain  positive. This week, first quarter earnings announcements begin and on Friday we have option expiration. I am still concerned about the weakness in AAPL and the QQQ.  Note that the QQQ closed back below its 10 week average. Nevertheless, I must ride the up-trend for now. Click on table [...]

In January, IBD discontinued the IBD100 list of stocks published each Monday and started publishing a shorter, better list of 50 stocks—IBD50. I rely heavily on IBD’s list of stocks because I am convinced that the high momentum growth stocks that meet their selection criteria do out-perform other stocks in a rising market.  I have [...]

Well, the market has clawed itself back up  to critical technical resistance levels.  The SPY and DIA have closed back above their 10 week averages, but the QQQ closed just below that level.  A close of QQQ above 57.06 would give me a buy signal.  I have repeatedly found that I can trade growth stocks [...]