GMI: 5; GMI-R: 9; 18th day of QQQQ short term up-trend; writing covered calls; CPST up 50%

The GMI held at 5 (of 6) and the GMI-R at 9 (of 10).  There were 130 new highs and 58 new lows in my universe of 4,000 stocks on Thursday. 63% of the Nasdaq 100 stocks closed above their 30 day averages.  It is time for me to accumulate QLD and after Friday, to write new calls on IBD100 stocks.  I  write calls on growth stocks in up-trends that will not report earnings during the life of the option.  I only write near term calls.  So I will start writing May calls next week.  Among the IBD100 stocks that meet these criteria and have decent call premiums above 4%  are:  RIMM, MON, MOS, MTL, FLS and GTLS.  I may do buy-writes on some of these stocks next week.  Meanwhile, I will wait for Saturday when my April calls will expire or be executed and my account will again have an infusion of cash.  Making 4% each month is ample return for me. By the way, I am most successful writing covered calls when the QQQQ is in an up-trend, as is the case now.  Check out CPST, now up almost 50% since I wrote about it on March 27:   Judy can sure pick stocks!