With the GMI and GMI-R back to 1, I remain mainly in cash. I am a chicken, and prefer to wait out times like this. The T2108 is at 27% still not at the depths where meaningful turns come. The key to success in the market is to lose little during the bad times. gmi: 1 gmi-r: 1 t210 ... Read more
The GMI and GMI-R have been zero since Tuesday’s close. There were 3 new highs and 424 new lows in my universe of 4,000 stocks on Wednesday. The Worden T2108 Indicator is now 21% and heading down from the reading of 89% on January 6. In the November swoon, this indicator bottomed at 1 ... Read more
The market is marking time. The GMI and GMI-R were unchanged, along with the T2108 indicator. There were only 2 new highs and 108 new lows in my universe of 4,000 stocks on Wednesday. Gold (GLD) and silver (SLV) continue to advance. I remain mainly in cash. ... Read th ... Read more
There were 3 new highs and 103 new lows in my universe of 4,000 stocks on Tuesday. The GMI and GMI-R both declined. But the QQQQ short term up-trend completed its 5th day. I hold a little QLD and have a close sell stop in case the QQQQ declines more. Note that MYGN and SXCI h ... Read more
The GMI rose to 1 (of 6) and the more sensitive GMI-R to 4 (of 10). There were 5 new highs and 21 new lows in my universe of 4,000 stocks on Wednesday. The QQQQ will change to a short term up-trend, if it holds on Thursday. I sold my QID and bought a little QLD. I ... Read more
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One-Line Bio
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.