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!