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 [...]

“Last week, a person who knows nothing about the market asked me how to short stocks.  This is reminiscent of the stories of the shoeshine boys providing stock tips, near the roaring 20’s market’s top.  The sentiment is just too negative right now.  Does this mean the market has to turn up?  Not necessarily, but the [...]

I am still concerned that AAPL (and NFLX) is showing technical weakness.  On Friday, the stock could not hold its 30 day average and its 10 day average (blue dotted line) remains below its 30 day average.  See the daily chart for AAPL below. While AAPL could always break above its 30 day this week, [...]

Well, the indexes again bounced off of their lower Bollinger bands and the market’s short term up-trend resumed. Note the 5th bounce that I just added in red to the chart I posted on 10/19 after four bounces.  Review that post if you want to understand the logic of Bollinger bands. If only I had [...]

The market deteriorated very quickly last week.  The 4 down days occurred on much higher volume than the single up day.  In fact, the up volume of some of the bear  3X ETF’s (EDZ, FAZ, ERY) was the highest I have ever seen, especially on Friday.  The 2X  Ultra short  QQQQ ETF (QID) also had [...]