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I would not look for one stock, NVDA, to preserve this bull. After 2 years of 20%+ gains in the stock market, we should be prepared for a reversion to the mean. TSLA and MSFT are now in daily BWR declines. Perhaps the last to go will be AAPL. My university retirement funds remain in mutual funds for now. When I get the major sell signal and exit mutual funds, I will say so here. I will not post again until this weekend. While on vacation, I need to stay safe in cash and protect my trading capital.

The leaders are swooning and this is not the time for me to be brave and stay in long positions. There were only 11 US stocks trading at ATHs on Friday. So  purchasing stocks at ATHs is not for me. Also, DIA may be forming a double top. DIA has now closed below its 10 week average (blue dotted line). But it is still in a Stage 2 up-trend, until it trades below its 30 week average (red line). Time for me to be very careful–I am a chicken.

The GMI could flash red, with another day below 3 (of 6). When the GMI is red, it is very difficult for me to trade stocks profitably on the long side.

MRX has IBD comp=EPS=99 and RS=96. It never rested at least 3 months for me to be able to draw in a green line! It has already doubled in 11 months, as this monthly chart shows.

The weekly chart shows the typical pattern of a strong stock. Since August, it has closed mostly above its 4 wk average (pink dotted line) and its 4 wk average has closed above its 10 week average. These are the characteristics of a rising stock. Possible entries occur with a bounce up off of the 4wk or 10 wk avg (blue dotted line). The 10 wk avg is rising above the 30 wk avg (red line), indicating a Weinstein Stage 2 up-trend.