The GMI is back to 5 (of 6) and the GMI-R  to 9 (of 10). There were 30 new highs in my universe of 4,000 stocks on Wednesday.  Stocks on my IBD 100 lists at new highs include:  TSRA, LL, SYNA, STAR, VPRT, URS, HDB, ICUI, MTXX, NTES and NVEC.  I am selling puts on [...]

It is rare that I complete an analysis whose findings totally surprise me, but take a look at this one.  A lot of the pundits claim that the ultra ETF’s,  leveraged baskets of stocks that try to double or triple the performance of their underlying indexes or sectors, fail to achieve their goals.  So, just [...]

I am very cautious about the current market.  I believe that we have entered a new QQQQ short term down-trend.  On Friday there were just 11 new highs and four new lows in my universe of 4,000 stocks.  In addition, a number of leaders have broken down, including AIPC, QSII, ALGT and NFLX.  When rally [...]

I always have to remember not to anticipate a change in trend, but to wait for the actual signal.  On Monday, the QQQQ went to the edge of support and held.  There were 19 new highs and 8 new lows in my universe of 4,000 stocks on Monday.  Only 3 of the new highs were [...]

The QQQQ is resting right on support. A decline on Monday would signal to me the beginning of  a new short term down-trend. There were only 7 new highs and 8 new lows in my universe of 4,000 stocks on Friday.  GOLD broke to an all-time high last week and GLD, the gold ETF,  closed [...]

The QQQQ up-trend completed its 32nd day on Friday.  When will the up-trend end?  No one knows.  My strategy is to hold growth stocks as long as the up-trend is in place.  Prior up-trends the past 3 years  have lasted as long as 86 days.  So the current up-trend may have a time to go, [...]

Friday was the 27th day of the current QQQQ short term up-trend.  There were 10 new highs and 6 new lows in my universe of 4.000 stocks on Friday.  Three of the ten new highs were on the IBD100 lists from today’s edition:  STAR, HANS and JJNF.  Since the first day of the QQQQ uptrend [...]

There were 11 new highs and 4 new lows in my universe of 4,000 stocks on Monday.  Five of the 11 new highs were on the IBD100 list from March 30:  TNDN, NFLX, GMCR, NTES and CPSI.  All of these but CPSI hit all-time highs, an extraordinary accomplishment, given the market’s decline over the past [...]

A lot of stocks are beginning to look good.  However, there were only 6 new highs and 8 new lows in my universe of 4,000 stocks on Friday.  Two of the 6 new highs are stocks on the IBD100 list,  CPSI and TNDM.  TNDM is at an all-time high and both of these stocks came [...]

While the Nasdaq 100 tech rally completed its 11th day, the rise has failed to produce many new highs.  There were 8 new highs and 20 new lows in my universe of 4,000 stocks on Wednesday.  71% of the NYSE stocks closed above their 40 day averages, reflecting the strong  but not severely overbought reading [...]