The market is showing a strange split similar to the one that occurred in early 2008 when the SPY showed a lot more weakness than the QQQ.  This is because the financial stocks in the SPY were cratering while the Nasdaq 100 index, which has no financial stocks, held up better.  We are faced with [...]

As my regular readers know, each Monday morning I post a table containing the components of my General Market Indicator (GMI) and my revised GMI-R.  These indicators track short and long trends in the market and keep me on the right side of the trend.  All of the major  traders I respect (Darvas, Livermore, O’Neil) [...]

I am reprinting below some of my writings from a few years ago in order to give my new students some understanding of my approach to the market. “it is utterly useless for us on the outside, who buy and sell comparatively small blocks of stock, to conjecture about what “they” are doing.  We cannot [...]

All indicators remain positive. Riding this up-trend.  Another IBD 100 rocket stock near its all-time high: ARUN, (Click on chart to enlarge.)

When everyone is so bearish and expecting the worst, it is time to expect the opposite.  Last week, the Investor’s Intelligence Survey of letter writers and advisers actually showed more bears than bulls (38% vs. 29%, percents rounded). This is an exceedingly rare phenomenon and should have told us all that the market would rally.  [...]

Now that the GMI is 6 and many stocks are hitting new 52 week highs again, I am looking for strong stocks to buy.  As you know, I prefer to buy stocks that have already doubled in the past year and that are trading at or near their all-time highs.  I also want the stock [...]

I often search for new market leaders by scanning stocks that hit new 52 week highs.  This table  (click on to enlarge) shows stocks that hit a new high on Friday,  that are near their all-time highs, and had most recent quarterly earnings increases of  at least +50%.  The first EPS column is the most [...]

On Saturday,  I had the opportunity to present for 2.5 hours at the Worden software work-shop.  I showed the audience how I use TC2007 to manage my trading. It was gratifying to see the warm reception I received from a  local, primarily older adult group.  I just finished two courses at the university and have [...]

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 am writing this post primarily to teach my students how I search for potential rocket stocks–stocks that have been launched and appear headed towards new peaks.  As I said in class this week, it makes the most sense to buy stocks that have the best fundamentals and technicals.  This strategy has been advocated both [...]