Market in rally mode


The QQQQ remains in a nice up-trend and I am long stocks.   We are in the period when few pundits believe the rally is justified.   That is okay with me.   I just ride the train as it goes in the right direction,   until it turns.   Two stocks I have been riding, PEGA and SXCI, have had nice break-outs. However, I still prefer to concentrate in the ultra QQQQ ETF, QLD.  

Meanwhile, the GMI is at 4 and the T2108 is at 87%. The QQQQ and SPY have now closed above their critical 10 week averages for four weeks.   We are well into a Weinstein Stage 2 bullish advance.   GMI08072009

Leave a Reply

This site uses Akismet to reduce spam. Learn how your comment data is processed.