I am a little concerned with the T2108 indicator at 72%. Readings near 80% often coincide with markets that top out or rest for a while. The last time T2108 was higher than 72 was last November. Still, all of my indicators remain positive.
Month: February 2011
60th day of QQQQ short term up-trend
This short term up-trend is getting quite old, having reached its 60th day on Tuesday. But my indicators remain strong for now.
Monday was 59th day of QQQQ short term up-trend
The market up-trend rolls on with all indicators at their maximum levels. There were 607 new highs in my universe of 4,000 stocks on Monday. NOG, the stock I wrote about on Sunday night, rose +4.4% on Monday. IPGP, the stock I wrote about on January 13 at around $38, rose 7% on Monday, to $53.80. The RWB rocket pattern really works during a market up-trend!