The GMI is at a maximum of 6 and the up-trend of the QQQQ is in its 16th day. I am holding QLD (the Ultra long QQQQ ETF), and a few long positions. 90% of my covered call positions were called away from me this weekend and I am back in cash. Time to write new covered calls on IBD100 stocks this week and to enjoy this up-trend. As Marin Zweig showed years ago, never fight the Fed.
you were right on — nice call — nice system…
I am long too now. Can’t fight the trend.