My market indicators keep improving; selling cash secured puts again


The GMI is back to 5 (of 6) and the GMI-R   to 9 (of 10). There were 30 new highs in my universe of 4,000 stocks on Wednesday.   Stocks on my IBD 100 lists at new highs include:   TSRA, LL, SYNA, STAR, VPRT, URS, HDB, ICUI, MTXX, NTES and NVEC.   I am selling puts on strong stocks and ETF’s in the anticipation that they will expire worthless on June 20. I have begun to dollar cost average my university pension funds back into this market.   The trend of the QQQQ, SPY and DIA remain up.

7 thoughts on “My market indicators keep improving; selling cash secured puts again”

  1. Hey Dr. Wish, out of curiosity, why do you have Aaron’s on your stock watch list? It in no way fits any of my criteria for buying stocks.

    Luckily, 3/4 stocks I have bought using my MACD scans are mentioned above as breaking into new highs, but I’ve been using the IBD timesavers table more lately since I’ve found that I’ve missed out on some even bigger winners.

  2. Amazing you remember that Judy, my extraordinary stock selection friend, had recommended CPST, which I rode up to a nice profit before it collapsed in 2008. Well, for the past few weeks Judy has been nagging me to buy CPST again at around $.70 and called this morning to try to get me to buy soon after it opened. CPST closed Thursday at $1.32, up 78% for the day! So, should I start posting Judy’s picks again? Let me know your wishes.

  3. What didn’t collapse in 2008 🙂

    Judy is a top notch stock picker. Her insights would be very much appreciated. I would like to read her methodology.

    It seems a lot of sub $5 stocks are making big moves. What do you make of this in light of the current economic situation? Does the ‘crap’ rise the most and then fall the hardest if there is another downturn?

    I have been skeptical of this rally from the start. There is no rational explantion for the market’s advance, at least fundamentally. With the rate of newly unemployed just barely letting up in the last month (if you can believe the numbers), An average of 315,000 foreclosures monthly for the past 5 or 6 months, interest rates increasing, gas/oil prices ramping up, I just don’t see recovery for the economy in six to nine months from now.

    I’ve been reading your blog for the past 3 years or more. Your analysis is always helpful. I also post over at frequently. If you ever trudge over in that direction, I’m sure they would appreciate your input and experience.

  4. You have referred to Judy several times, but I haven’t caught on to who she is. Spouse perhaps? Would be nice to hear her methodology for small cap names.
    The past 2 days must have put a dent in the indicators. Are you still accumulating?
    Thanks for sharing a great blog.

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