The GMI remains at 6 (of 6) and the GMI-R is at 100%. There were 175 new highs and 91 new lows in my universe of 4,000 stocks on Tuesday. Tuesday was the 43rd day in the current QQQQ short term up-trend. I am invested in the QLD and in a number of covered call positions.
What is your selection process for covered calls? I presume it is from IBD 100. Do you avoid selection with stocks having earnings call?
Your indexes are topped out right now while the IBD remains pessimistic, why are the two methods of market analysis yielding such different results?