I am dumbfounded! I recently taped some of Cramer’s shows and reviewed Friday’s show this weekend. At about 10 minutes into his show, Cramer responded to a caller who asked him about the use of stop loss orders. Cramer ranted on about how he did not want his “h ... Read more
With the GMI and GMI-R at their maximum levels, growth stocks continue to rise. AAPL continues to rise, along with PCLN, RMD, GMCR, NFLX and CREE, all of which I own. As you know, I concentrate my trading in stocks at or near their all-time highs. I also like to see good earning ... Read more
The market closed strong on Friday, as AAPL broke out to a new high. Technology is where the action is right now. However, one caution flag is that the T2108 is now at 81%, very near to being in overbought territory. Last May, the T2108 reached a peak at 92%. ... Read the full ... Read more
The short term up-trend in the QQQQ finished its 6th day on Friday. I like the fact that AAPL is holding up. We need to watch the leaders for signs of where the market is headed. I went through the new highs on Friday using the methodology I described last week. In doing so, I fou ... Read more
The QQQQ is going back and forth over its key 30 day moving average. Time will tell whether this new short term up-trend, now in its 4th day, will hold. gmi-r: 9 t2108: 51 gmi: 6 ... Read the full post ... Read more
I am writing this post primarily to teach my students how I search for potential rocket stocks–stocks that have been launched and appear headed towards new peaks. As I said in class this week, it makes the most sense to buy stocks that have the best fundamentals and technicals ... Read more
A rise in the QQQQ on Thursday and Friday will likely turn my trend indicator up. Wednesday was the 18th day of the short term down-trend. However, there were 167 new highs in my universe of 4,000 stocks on Wednesday, the most since January 21. And 53% of the Nasdaq 100 stocks closed ... Read more
While the short term down-trend is still in place, a lot of stocks I watch are gaining strength. And surprisingly, short term rates are starting to rise, perhaps in anticipation of a recovery in the economy. First, note that the GMI-R, which is more sensitive to short term changes, ha ... Read more
Last October, I wrote a post showing that in the market’s rise, 70% of the top 10 stocks in the IBD 100 list outperformed comparable stock indexes. Well, I repeated the analysis for the top ten stocks in the IBD 100 list published on 01/11/2010. I compared the closing price ... Read more
For the first time since early November, there were more new lows than new highs in my universe of 4,000 stocks on Friday. Furthermore, the Worden T2108 indicator is getting near the level (below 20%) where declines sometimes end. Friday was the 11th day of the current QQQQ short term ... ... Read more
I am a Research Psychologist with 40 years of stock market trading experience.
Biography
Over the past 40 years I have learned how to successfully trade stocks. I have managed to avoid every bear market since 94. I multiplied my IRA 13x and got out of the market in 2000. My portfolio gained 50% in 2003. I came in 5th in the Barron's Stock Challenge, professors division, in 2004.
I use technical analysis and think for myself. I have a set of rules to get me in/out of the market and stocks. I use TC2005 and IBD to track stocks.
I am writing this blog as an educational resource for friends and others. I am not a professional investment advisor and one should not follow my lead without first consulting a financial advisor. I reserve the right to change any opinions published here at anytime, without posting such information on this blog.