The QQQQ rally finished its 6th day on Wednesday. There were 10 new highs and 12 new lows in my universe of 4,000 stocks on Wednesday.  IBD 100 stocks (from my lists the past year)  at new highs are:  SNDA, CPSI, TNDM, ROH, SGP, MYGN and QSII.  TNDM and QSII hit all time highs.  The [...]

The GMI is at 2 (of 6)  and the GMI-R is at 6 (of 10).  The QQQQ completed the 5th day of its short term up-trend.  This is a counter-trend rally, with the long term trend remaining down.  Still, this is a trade-able rally as long as it lasts.  There were more new highs than [...]

This is an extremely difficult market for me to interpret.  The QQQQ completed the 3rd day of a short term up-trend, and the QQQQ completed its first week back above its 10 week average.  There were 6 new highs and 25 new lows in my universe of  4,000 stocks on Friday.  The last time there [...]

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 [...]

It’s is great that Jon Stewart informed the world last week that the media pundits at CNBC  failed to provide accurate information about the impending financial crisis.  But by using technical analysis, I warned my readers last June what the charts were telling me and transferred my pension money  out of mutual funds to money [...]

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 know that the GMI has kept me and, I hope others, out of the long side of this market since at least August 2008, the last time that the GMI was 4.  I prefer the GMI to be at least 4 before I commit many IRA funds, and especially my university pension,  to the [...]

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 [...]

The more sensitive GMI-R rose to 3 (of 10).  82% of the Nasdaq 100 stocks rose, and 49% closed above their 30 day averages.  There were 11 new highs and 121 new lows in my universe of 4,000 stocks on Tuesday. Among the 11 stocks at new highs were 4 stocks on my IBD100 lists:  [...]