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 [...]

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 [...]

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 [...]

Well, we will finally see if the iPad success is already built into the stock’s price.  While a lot of pundits think that the stock is over priced, a look at the monthly chart suggests to me that the stock has just broken out of a 2 year base.  This stock may have a long [...]

I started teaching two classes on technical analysis last week and will explain more of my concepts and include informational links, as many students will be new readers.  My General Market Index (GMI) keeps me trading with the general market’s trend.  The GMI is a count of 6 short and long term indicators.   Because I [...]

Thus far,  tech stocks, as measured by the ultra 3X ETF, TYH, are declining within the channel I have been watching for several weeks.  The question, which my stock buddy, Judy, raised when I first posted the channel was, will the bottom of the channel hold as it has in the past?  No one knows.  [...]

The GMI is still at 6 although the more sensitive GMI-R has declined to 8.  Still, there were 185 new highs in my universe of 4,000 stocks on Friday.  The Worden T2108 Indicator is now at 76%, within neutral territory and down from the high of 84% last week.  But only 41% of the Nasdaq [...]

It looks like TYH, the ultra 3x bull tech ETF, has begun its 5th decline after hitting the top of its short term channel. The longer term trend remains up.

The TYH tech 3X  ETF is still coming down from the top of its short term channel. T2108, at 81%,  is getting close to over-bought territory.

I thought you might like to see why we may be at the beginning of a short term decline in the tech stocks.  TYH is the 3X ultra long tech ETF and it appears to be in a rising channel.  TYH  recently hit the top of the channel, which  has been followed by a decline [...]