27th day of QQQ short term up-trend; T2108 at 88%

GMI6/6
GMI-26/9
T210888%

T2108 doe not go much higher.   While the long and shorter term trends remain up, I am looking for a post earnings release lull.

The GMI flashed a buy signal on December 23rd, which is still in place. Since December 23rd, the QQQ has advanced +10.7%, the QLD +22.2% and the TQQQ +34.7%.   Meanwhile during the same period, only 12% of the Nasdaq 100 stocks and 11% of the S&P500 stocks have advanced 20% or more.   The 3X bullish semiconductor ETF, SOXL, rose +52.8% during this period.   The 3X leveraged ETF’s outperform almost all stocks and are much easier to select than individual stocks. I learn this lesson during each multi-week   up-trend. Why try to identify the rare stocks that will outperform a 3X ETF?!   Just pyramid up on the ETF.

I have many positions where I sold cash secured put options that should expire worthless in two weeks.   I will then look to open new covered call positions or sell new cash secured puts.

17th day of QQQ short term up-trend; GMI buy signal since Dec. 23rd

GMI6/6
GMI-26/9
T210884%

GMI and GMI-2 remain at 6 (of 6).   While the Worden T2108 is high, at 84%, this up-trend still looks strong.   I am 100% invested in mutual funds in my university pension.   My trading accounts hold long positions. I am gradually accumulating index ETF’s. The GMI buy signal has been in place since December 23rd. Since that day, the QQQ has advanced +6.6%, the QLD is up +13.5% and the TYH is up +19.5%.

 

13th day of QQQ short term up-trend

GMI6/6
GMI-26/9
T210877%

My indicators remain positive and I am 100% invested in mutual funds in my university pension account. I am gradually accumulating long positions in my trading accounts. The GMI is at 5 and and the GMI-2 is at 6 (of 6).   The GMI gave a buy signal on December 23rd and is still in place. The following 12 stocks passed my TC2000 scan of hitting new 52 week highs on Friday and having solid fundamentals:   SMP,CMG,CCU,RGR,WPZ,RYN,PNRA,FAST,NGLS,M,USB,PETM. All but M and USB are at all-time highs.   Some of these may be worth researching.