Posts Tagged ‘ IBD ’
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In spite of all of the negative news out there, the QQQQ still appears to be recovering, having completed its 21st day of a short term up-trend. There were only 11 new highs and 12 new lows in my universe of 4,000 stocks on Thursday. Still, 82% of the Nasdaq 100 stocks closed above their [...]
The GMI-R fell one, to 5 on Wednesday. There were only 5 new highs and 12 new lows in my universe of 4,000 stocks on Wednesday. None of the 5 new highs were on my IBD100 lists from the past year. The QQQQ completed the 20th day of its short term up-trend. The T2108 indicator [...]
The QQQQ short term up-trend continued and completed its 19th day on Tuesday. The GMI and GMI-R remain unchanged, at 2 and 6, respectively. A note of caution, however, is that the Worden T2108 Indicator hit 89%, about as high as it gets during an up-trend. This means that 89% of the NYSE stocks closed [...]
I escaped 2008 with a small loss in my account (-5%). Not bad, compared to how the indexes did (down 35-40%), but not great, given that I did trade some short positions (with puts) during the year. On December 24, IBD published a table listing the performance of the best growth mutual funds since April, [...]
The markets showed some life on the last days of trading for 2008. The GMI remains at 2 (of 6), but the more sensitive GMI-R is now a 6 (of 10). The last time the GMI-R was at 6 was on August 28. And the Worden T2108 indicator is now at 72%, not far from [...]
The Worden T2108 Indicator is now at 61%, the highest reading since August 28. This means that 61% of NYSE stocks closed above their 40 day moving averages. This reading places this market pendulum close to the area where tops have occurred (above 70%). There were 11 new highs and 65 new lows in my [...]
The cash secured puts I sold all expired unexercised, so I made money the past month. I will write about this promising strategy in the future. Meanwhile, the indexes are in up-trends, but still relatively weak. This week we shall see if we can get more confirmation of the up-trend. I will sell more puts [...]
