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 [...]

The GMI has moved up to 1 (of 6), because the 10 Day Successful New High Index turned positive, and the GMI-R is at 4 (of 10), reflecting the strength in my very short term trend indicators.  The Worden T2108 is now out of bottom territory, at 25%.  The number of NASDAQ 100 stocks with [...]

So many of the indicators and stocks I look at are looking very weak.  A lot of people say that copper prices are correlated with economic growth.  Copper is a key material in so many products related to building and economic development. While looking at my watchlist of indicators, I happened to see this weekly [...]

This monthly chart of the Dow 30 really scares me.  On a long term basis, it looks like we have merely retraced a part of the decline from the 2007 market high.  In fact, the market rally has stopped at about the peak of the market in 1999-2000.  The Dow has now started down and [...]

On May 3rd, I posted the results of my submarine scan, designed to detect stocks in a significant down-trend. The scan was run on the close of 4/29 and this table shows the performance of the nine stocks since then.  TC2007 lets me run a watchlist tracking report that shows the changes of each stock [...]

Every once in a while the charts become so bad that they scare me.  I check a number of market indicators every night and was concerned by the current steep decline in the Shanghai Composite Index.  The weekly  chart (and monthly chart, not shown) are very ominous.  After a major decline (almost 70%) from 2007 [...]