Everyone wants to know if the bottom of this bear market is finally in place. The truth is that only liars and lucky people can really call a bear market bottom close to its occurrence.   I noticed years ago that the pundits on TV usually felt comfortable calling a new bull market about six months [...]

My short term indicators are coming back, although we are not out of the woods yet.  The GMI is now at 2 and the more sensitive GMI-R is at 5 (of 10).  The QQQQ short term down-trend ended after 21 days, and an up-trend has begun.  However, there were only 11 new highs and 17 [...]

There were 7 new highs and 1,221 new lows in my universe of 4,000 stocks on Friday.  The QQQQ completed the 14th day of its short term down-trend within a longer term down-trend. I heard on Fast Money that the AAII survey has the most bearish reading ever.  Furthermore, the momentum indicator in IBD for [...]

I wrote a few posts ago about what market bottoms look like.  I showed that they are accompanied by huge weekly up volume.  Well, Wednesday’s rally came on low volume and Thursdays decline resumed on higher volume.  When we see declines on low volume, followed by rises on much higher volume we may have a [...]

My son and webmaster, Mike, has added a new visual representation of the Worden T2108 Indicator.  This indicator acts as a pendulum  of the market technicals, going from extreme readings of oversold, around 15% or below, and overbought, above 75%.  It seems to me to work better with oversold readings.   After an extreme oversold reading [...]

The GMI and GMI-R have been zero since Tuesday’s close.  There were 3 new highs and 424 new lows in my universe of 4,000 stocks on Wednesday. The Worden T2108 Indicator is now 21% and heading down from the reading of 89% on January 6.  In the November swoon, this indicator bottomed at 1.2%.  So [...]

As you know, when I try to trade the trend of the QQQQ, I buy QLD (ultra long) or QID (ultra short) ETF’s.  These ultra  ETF’s are designed to move twice as much as the underlying index they track.  Well, less well known is that there now exist 3x ETF’s, designed to move three times [...]

There were 7 new highs and 162 new lows in my universe of 4,000 stocks on Thursday.  Only two of the stocks on my IBD100 lists hit a new high on Thursday:  SXCI and HMSY.  But the QQQQ was strong, and now 67% of the Nasdaq100 stocks closed above their 30 day averages, the most [...]

The Nasdaq 100 Index, as measured by the ETF, QQQQ, looks as if it started a new short term up-trend.  However, with the key moving averages being flat, I don’t trust these signals yet.  But I remain vigilant for signs of a turn.  There were  9 new highs and 107 new lows in my universe [...]

All of my indicators have turned negative again and I am back to cash.  I have considered buying some QID, but with my short term moving averages being flat, I will probably get repeatedly whipsawed as the indexes move above and below their averages.  However, at some point a real tradable trend will develop. There [...]