There were 310 new 52 week highs in my universe of 4,000 stocks on Monday. One of these is an RWB stock that Judy told me about when it was in single digits–IMAX. Click on this weekly chart to enlarge.
GMI at 5; QQQQ short term up-trend completes 39th day
The GMI remains at 5 (of 6) and the GMI-R at 9 (of 10). I remain long until I get a sign of a down-trend. 
The QQQQ has closed above its critical 10 week average for 9 weeks. 54% of the Nasdaq 100 stocks closed Friday with their MACD above its signal line. The Worden T2108 is at 72%. This week Judy will visit my class to present her methods. I hope to create a special column with her picks. Judy is the best stock picker I know.
GLD holds and T2108 weakens, getting more cautious
I was wrong on GLD–for now. It actually bounced up off of support, giving me a possible buy signal. I closed out my puts yesterday. Meanwhile, the Worden T2108 indicator is now down to 71%, lowest reading since early September. See the weekly chart of T2108 below, click on chart to enlarge. The T2108 is a pendulum of the market, and when it starts down the market usually declines for a while. So, I am getting more cautious and ready to close out some positions at the first sign of real weakness in the leaders. With the GMI at 5, I am still holding on.
