Posts Tagged ‘ Put Options ’
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I started teaching two classes on technical analysis last week and will explain more of my concepts and include informational links, as many students will be new readers. My General Market Index (GMI) keeps me trading with the general market’s trend. The GMI is a count of 6 short and long term indicators. Because I [...]
The QQQQ completed the 37th day of its up-trend on Friday. However, there were only 16 new highs and 5 new lows in my universe of 4,000 stocks on Friday. Five of the 16 were on my IBD100 lists: VNUS, GMCR, HANS, LINC and INT. All of these 5 but VNUS were also on the [...]
The QQQQ up-trend completed its 32nd day on Friday. When will the up-trend end? No one knows. My strategy is to hold growth stocks as long as the up-trend is in place. Prior up-trends the past 3 years have lasted as long as 86 days. So the current up-trend may have a time to go, [...]
There were 3 new highs and 106 new lows in my universe of 4,000 stocks on Wednesday. The QQQQ completed the 17th day of its short term down-trend. It would have to rise a lot more to begin a new up-trend. Still, I cannot resist buying an occasional strong stock during a counter trend rally. [...]
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 [...]
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 [...]
The QQQQ short term up-trend is now in its 4th day.
However, there were only 4 new highs and 100 new lows in my universe of 4,000 stocks on Friday. Still, 58% of the Nasdaq100 stocks closed above their 30 day averages. The GMI closed at 2 (of 6) and the more sensitive GMI-R is at [...]
