The GMI and GMI-R remain at their maximum values. There were 110 new highs and 78 new lows on Wednesday in my universe of 4,000 stocks. Wednesday was the 32nd day since I identified the start of the current QQQQ up-trend.
Dr. Wish
GMI: 6; GMI-R: 10; almost 100% invested
For the first time since December 26, the GMI is now at the maximum reading of +6 (of 6) and the GMI-R is 10 (of 10). There were 121 new highs and 54 new lows in my universe of 4,000 stocks on Tuesday. Tuesday was the 31st day since I identified the beginning of the current QQQQ up-trend. I transferred my university pension from money market funds to growth mutual funds today. I am also almost totally invested in stocks in my IRA. I continue to hold a large position in QLD, the ultra QQQ ETF that strives to double the performance of the Nasdaq 100 index. I also own growth stocks such as AAPL, RIMM, GOOG, URBN, and V. I also own some of Judy’s picks: CPST and IMAX.
GMI: 4; GMI-R: 8; 30th day of QQQQ short term up-trend
There were no changes in the GMI and GMI-R on Monday. There were only 61 new highs and 57 new lows in my universe of 4,000 stocks. Monday was the 30th day of the current QQQQ up-trend. AAPL, GOOG and RIMM continue to show strength.