GMI: 4; GMI-S: 31; GRMN and MR strong

The Nasdaq stocks really strengthened on Wednesday and that index is in its 60th day of an up-trend.  Gmi0627 There were 80 new highs but 92 new lows in my universe of 4,000 stocks.  The Nasdaq 100 index is much stronger than the Dow and S&P 500 indexes.  The GMI is back to a definite 4.  My covered call positions are holding up, with the exception of the IOC debacle I wrote about yesterday.  I bought back some of my IOC calls and sold the shares at a large loss.  I probably will close out all of the shares and calls tomorrow.

GRMN continues to climb and I own some shares of this company.  I think we are getting a rally based on anticipated good earnings to be released on August 1. I also own some MR, which is showing major strength.

See my disclaimers on the previous post.

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