All indicators remain positive. Bullish sentiment high.


The GMI and GMI-R remain at their maximum values.   The last 2 weeks of December may bring strength for the leaders as mutual funds acquire them as part of end-of-quarter window dressing. The only warning signal I see now is the rise in bullish sentiment.   The latest Investors Intelligence poll shows 56.7% of advisers are bullish.   Rates near 60% often come near market tops. However the Worden T2198 indicator is only at 58%, in neutral territory. The key for me is to wait for a definite change in trend and not to try to anticipate one. So, I remain 100% long in my university pension and hold a position in QLD in my IRA trading account.

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