My indicators are all positive again. There were an amazing 398 stocks in my universe of 4,000 that hit a new high on Friday. 59% of the 4,000 stocks closed above their 10 week averages. Nevertheless, two rocket stocks I have written about weeks ago are now in downtrends, STEC and GMCR. GMCR has now closed below its 30 week average. I hold no stocks that close below this critical average. It may be wise to buy some puts on these stocks. While gold is still in an up-trend, it declined on Friday with the highest daily volume in more than a year. Gold may have completed a climax run. Be careful not to give back all of your hard earned profits. The dollar is rising and bonds were weak. Maybe higher interest rates are coming. Meanwhile, the GMI
is at 6 (of 6) and the GMI-R is 10 (of 10). The Worden T2108 is in neutral territory at 64%. However, when leaders falter, it can be a sign of impending weakness. I am a little concerned that AAPL and NFLX showed weakness last week. We should keep an eye on them this week. Thanks for all of your comments. I hope to share more ideas with you as I prepare to teach my courses next semester.
I love your blog. I appreciate your post about no comments. I realized that no comments does not equal no interest, but rather like a college classroom ( you may understand) where the professor is presenting material, and no one makes a comment because the wheels aare turning, and there is the fear of sounding stupid when asking a question. I recommend your site to my investor friends. I would love a widget on your site where there was a daily or weekly graph of your indicators. A few weeks back, I had to make a decision, and you didn’t post for a while, so I was a little gun shy without some Dr. Wish info. Thanks for your great blog.
thanks for all your posts,you have been on the money!! What do you see next YEAR?