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:  [...]

The GMI-R climbed to one (of 10).  There were 9 new highs and 214 new lows in my universe of 4,000 stocks on Monday.  The last time we had over 200 new lows was on January 20th.  In contrast, the most daily new highs this year was 20, on January 2nd.  The QQQQ completed the [...]

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 [...]

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 [...]