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Many persons holding large gains may be waiting to sell in the new tax year. The market internals are terrible, with most stocks declining. I am mainly in cash or TBIL in my trading accounts and prefer to watch from the sidelines. If Tuesday leads to a new QQQ short term down-trend I will slowly accumulate SQQQ. The recent rebound in QQQ after the decline in mid-December has failed to retake the prior highs. Lower highs are not bullish. I am a chicken and prefer to buy when the GMI is 5 or 6. The GMI currently =2.

On December 16 and 18 I told you about SOUN, which my stock buddy, Judy, loves. You can search my blog to find the posts. On Thursday it hit another ATH on above average trading volume. I have a position and will exit if it CLOSES below its green line, at  18.14. SOUN is 10.9x its price 250 days ago and is in the AI field.

RGTI had a GLB on Thursday with above average trading volume. It is up 15X from a year ago. I always sell a GLB stock if it CLOSES below its green line.

Nicolas Darvas and William O’Neil did not fight the general market’s trend.I find it so much easier to ride stocks profitably when they are surging to new highs when my  GMI>=5. The General Market Index (GMI) is now 2. I am mostly in cash in my trading accounts.