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. 

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.