GMI: 6; ATHR, NUAN and QLD

@ 6:29 am

The GMI remains at 6.  There were 485 new highs in my universe of 4,000 stocks on Tuesday, the most since December 5.  Gmi0220 All indexes I monitor are in up-trends.  Tuesday was the 4th day in the current QQQQ up-trend, which appears to be breaking out of a multi-week consolidation.  ATHR and NUAN, stocks with former cup with handle bases,  appear to be moving up. Buying QLD again.

See my disclaimers at the bottom of yesterday’s post.

GMI: 6; GMI-S: 100; CEPH, GLD, NUAN

@ 12:01 am

The GMI  and GMI-S are all at their maximum values.  65% of the Nasdaq 100 stocks closed above their 30 day averages.  64% of the IBD 100 list from 2/5 rose on Friday and 20% of them hit new highs.  There were 256 new highs in my universe of 4,000 stocks on Friday.  Gmi0216_1 Friday was the third day in the current QQQQ up-trend.   The SPY has closed above its 10 week average for 29 straight weeks.  With so many people skeptical of this rise, this up-trend may have further to go.  CEPH still looks like a cup with handle  in the making.  GLD (pegged to the price of gold) also appears to be in an up-trend. NUAN, a cup with handle break-out, also looks strong.

Blogdisclaimer_12   

GMI: 6; GMI=S: 100; buy QLD again?

@ 2:42 am

The GMI is back to 6 and the GMI-S is now 100, indicating that all of the four short term indicators for each of four index ETF’s (DIA,SPY,QQQQ,IJR) are now positive.Gmi0215_1 56% of the Nasdaq 100 stocks rose on Thursday, along with 58% of the S&P 500 and 43% of the Dow 30 stocks. There were 369 new highs in my universe of 4,000 stocks.  65% of the Nasdaq 100 stocks are now above their 30 day averages. The QQQQ is now in its second day of a new up-trend.  It may be time to wade into the QLD ultra QQQQ ETF again.

Please note the disclaimers at the bottom of yesterday’s post.