NASDAQ 100 Index Still in Up-trend; QLD and TYH beat most NASDAQ 100 stocks again!

GMI6/6
GMI-R8/10
T210876%

The GMI is still at 6 although the more sensitive GMI-R has declined to 8.   Still, there were 185 new highs in my universe of 4,000 stocks on Friday.   GMI10152010The Worden T2108 Indicator is now at 76%, within neutral territory and down from the high of 84% last week.   But only 41% of the Nasdaq 100 stocks had their MACD above their signal line, reflecting the weakness in tech stocks.   Still, the SPY and QQQQ have closed above their 10 week averages for 10 weeks. During that time, the QQQQ increased +11%, QLD by +23% and TYH by +36%.   The TYH beat all but 3 of the Nasdaq 100 stocks and QLD beat all but 12 of them.   I repeatedly learn the virtue of just holding the QLD or TYH   ETF’s rather than trying to find the few individual stocks that beat these amazing ultra ETF’s.

2 thoughts on “NASDAQ 100 Index Still in Up-trend; QLD and TYH beat most NASDAQ 100 stocks again!”

  1. Is there any use in reporting on your universe of 4000 stocks? or on the entire market? We small investors buy only a few stocks, and many of them do not follow the overall market. Your report or information is good, but not 100% useful for small buyers like your students! Suggest you GIVE THEM the 5 top stocks to buy now based on your universe of 4000 stocks. The they will decide which of the 5 to buy! Or, you don’t want to stick your neck out?!!

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