GMI: 6; GMI-S: 75; Going long

For the first time since February 26, the GMI is back to the maximum reading of 6.  The GMI-S is at 75; all four index ETF’s are in synch.  94-97% of the stocks in the Nasdaq 100, S&P 500 and Dow 30 indexes rose on Wednesday.  The end of first quarter Gmi0321 and anticipatory earnings release season rally I have been anticipating is here.  There were 245 new highs in my universe of 4,000 stocks.  57% of the Nasdaq 100 stocks have now closed above their 30 day averages and 58% of my stock universe are above their 10 week averages.  These stats are almost back to where they were before the big decline on February 27. It is time for me to be long and to hold no shorts.  The QQQQ is in its first day of a new up-trend. Stocks I have been nibbling at include HURC and NUAN. I also own X and WCG and am looking to go back into the ultra QQQQ ETF, QLD.


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