GMI and GMI-R are back to their maximum levels. Nevertheless, I lightened up a little until we get through this week. With the reaction to the election results coming and the Fed about to act, I am a little cautious.
Month: November 2010
QQQQ up-trend reaches 40th day; RWB: IMAX
There were 310 new 52 week highs in my universe of 4,000 stocks on Monday. One of these is an RWB stock that Judy told me about when it was in single digits–IMAX. Click on this weekly chart to enlarge.
GMI at 5; QQQQ short term up-trend completes 39th day
The GMI remains at 5 (of 6) and the GMI-R at 9 (of 10). I remain long until I get a sign of a down-trend. 
The QQQQ has closed above its critical 10 week average for 9 weeks. 54% of the Nasdaq 100 stocks closed Friday with their MACD above its signal line. The Worden T2108 is at 72%. This week Judy will visit my class to present her methods. I hope to create a special column with her picks. Judy is the best stock picker I know.