Well, the GMI and GMI-R continue to register zero.  There were 500 new lows in my universe of 4,000 stocks on Tuesday, and 28 new highs.  On January 9, there were 1,011 new lows, so the current decline has not created as much damage thus far.  Nevertheless, since the start of this down-trend on January [...]

The GMI and GMI-R remain at zero.  The down-trend in the QQQQ is in place. So, what to do when only 40 of the 4,000 stocks in my universe of stocks hit a new high on Friday while 232 hit new lows?  Friday was the 7th day in the current QQQQ short term down-trend and [...]

The GMI remains at a maximum value of 6 and the current QQQQ short-term up-trend completed its 21st day (U-21) on Friday. What a great September—my account rose a little more than 5% for the month.  Almost all (90%) of the stocks I wrote calls on were called away from me in my IRA.  [...]

The GMI held at 6 even though few stocks rose on Friday.  There were 203 new highs in my universe of 4,000 stocks and only 13 new lows.  38% of the Nasdaq 100 stocks advanced on Friday, along with 46% of the S&P 500 stocks and 66% of the Dow 30 stocks.  The QQQQ [...]

“The best work I ever did in judging the market was when I devoted one hour a day in the  middle of each session.  I did not come to Wall Street.  I had no news ticker.  I seldom read the news items but judged solely from the action of the market itself; hence I was [...]

The GMI remains at +4, and the market should reveal its short term trend this week.  The QQQQ closed Friday just below its 30 day average, and its declining 10 day average is just above the 30 day average (41.52/41.49).  The last time the QQQQ’s 10 day average was below its 30 day was on [...]