All of my indicators remain  positive. OPEN came public in May, 2009 and has already doubled.  It is an RWB rocket stock, as the weekly chart below shows.

The GMI remains at 5 (of 6) and the GMI-R at 9 (of 10).  I remain long until I get a sign of a down-trend.  The QQQQ has closed above its critical 10 week average for 9 weeks. 54% of the Nasdaq 100 stocks closed Friday with their MACD above its signal line.  The Worden [...]

With the GMI and GMI-R at their maximum values, I am invested long in my university pension and my trading IRA.  Friday was the 34th day of the current QQQQ short term up-trend.  In the recent past, up-trends have lasted as long as 80 days. 

The QQQQ short term up-trend completed its 24th day on Friday.  During the time of this up-trend, the QQQQ has risen +8.9%, the SPY +6.3%, and the DIA +6.4%.  On the other hand the ultra long index ETF’s have done much better, QLD +18.5% and the TYH +26.7%.  So, we see again the virtue of [...]

While the GMI and GMI-R remain at maximum values, there are signs this 19 day old QQQQ short term up-trend is weakening.  First, the Worden T2108 indicator is in overbought territory, at 86%.  In a few instances T2108 has hit 90%, but always at market tops.  This does not mean that a big decline subsequently [...]

With options expiration behind us, the next major event that may cause the stronger growth stocks to go higher is the end of quarter mutual fund window dressing.  This event will be followed by release of quarterly earnings beginning in mid-October, followed by election results. All of these events might give the market a reason [...]

The QQQQ up-trend continues and all of my indicators are now positive, with the GMI at 6 (of 6) and the GMI-R 10 (of 10).  The QQQQ and SPY indexes have now closed above their critical 10 week averages for the second straight week.  In addition, 95% of the Nasdaq 100 stocks closed with their [...]

When everyone is so bearish and expecting the worst, it is time to expect the opposite.  Last week, the Investor’s Intelligence Survey of letter writers and advisers actually showed more bears than bulls (38% vs. 29%, percents rounded). This is an exceedingly rare phenomenon and should have told us all that the market would rally.  [...]

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 [...]