GMI: 0; GMI-R: 0; 14th day of QQQQ down-trend; QID up 13%; CPST

The GMI and GMI-R remain at zero each.  There were 75 new highs and 526 new lows in my universe of 4,000 stocks on Monday.  Monday was the 14th day of the current QQQQ down-trend.  During that time the QQQQ has declined 6.9% and the QID has advanced by 13.4%.  The QID is a wonderful way for me to make money as the Nasdaq 100 index declines.  One can even buy call options on QID or write covered calls on it. In the midst of this decline it is amazing how well Judy’s pick, CPST, has held up.  CPST is up 21% during this 14 day QQQQ decline.

GMI: 4; GMI-R: 5; CPST breaks out again

The GMI rose to 4 and the GMI-R fell to 5.  There were 114 new highs and 123 new lows in my universe of 4,000 stocks on Tuesday.  The QQQQ failed to break through its 30 day average.  So the QQQQ is still providing few clues as to its probable direction.  Tuesday was the 5th day of the current QQQQ down-trend.  Meanwhile, CPST, a Judy's pick at $1,  broke out again.

GMI: 5; GMI-R: 8; CPST, Judy’s pick, breaks out again

The GMI rose one, to 5 (of 6) and the GMI-R to 8 (of 10).  There were 83 new highs and 47 new lows in my universe of 4,000 stocks on Monday.  Monday was the 35th day in the current QQQQ up-trend.  QLD is up over 18% since the beginning of the QQQQ up-trend.  It is nice to just ride with the market’s up-trend.  CPST, Judy’s pick, is up more than 50% since I first wrote about it on March 27.  The stock broke out of a consolidation on Monday on huge volume.  I continue to hold a position in this stock.