The GMI and GMI-R remain at maximum levels. This short term up-trend completed its 48th day on Thursday. Upcoming events that could impact the markets are options expiration next Friday and end of quarter mutual fund buying at the end of December. My accounts remain invested on the long side. To my university students–make sure you have suitable stops in to protect your recent profits.
TRW is another RWB rocket stock at an all-time high, as the weekly GMMA chart below shows (click on chart to enlarge). The auto parts sector (see DORM, TEN, MGA, ALV) has been on fire, with people likely to hang on to their cars longer during the weak economy.