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.
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.
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.