The QQQQ remains in a nice up-trend and I am long stocks. We are in the period when few pundits believe the rally is justified. That is okay with me. I just ride the train as it goes in the right direction, until it turns. Two stocks I have been riding, PEGA and SXCI, have had nice break-outs. However, I still prefer to concentrate in the ultra QQQQ ETF, QLD.
Meanwhile, the GMI is at 4 and the T2108 is at 87%. The QQQQ and SPY have now closed above their critical 10 week averages for four weeks. We are well into a Weinstein Stage 2 bullish advance. 