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.
Judy’s Picks
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: 7; 22nd day of QQQQ short term up-trend; ITRI
There were 42 new highs and 114 new lows in my universe of 4,000 stocks on Wednesday. The low number of new highs caused the GMI to decline to 4 (of 6) and the GMI-R to 7 (of 10). Still, 71% of the Nasdaq 100 stocks closed above their 30 day averages. ITRI, a Judy’s Pick, rose 5% to $105.21. I continue to accumulate QLD and to write covered calls.