If you're sitting here watching the screens each day you'd likely feel as if market volatility has picked up the past few weeks. I certainly do. Except it's not. The chart above shows 10 day HV for SPY over the past half year, and it has actually started dribbling again towards 15, which is a ... Read more

The major indices posted their third straight day of gains yesterday, as another session of higher volume gains pointed to more institutions returning to the market. Stocks jumped higher out of the starting gate, then trended higher throughout the morning. The broad market gave back some of its ... Read more

With the GMI and GMI-R at zero, I think it is not the time to fight this down-trend.  The major indexes look terrible and the QQQQ completed the 7th day of its short term daily down-trend within a longer weekly down-trend.  The key to survival in the market is to lose as little as possible ... 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

There were 4 new highs and 188 new lows in my universe of 4,000 stocks on Thursday.  My moving averages are flat and the market is going back and forth.  It remains to be seen whether the current QQQQ short term up-trend will hold. I remain mainly in cash. ... Read the full post ... 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

As you know, when I try to trade the trend of the QQQQ, I buy QLD (ultra long) or QID (ultra short) ETF’s.  These ultra  ETF’s are designed to move twice as much as the underlying index they track.  Well, less well known is that there now exist 3x ETF’s , designed to move ... Read more

The GMI-R climbed to one (of 10).  There were 9 new highs and 214 new lows in my universe of 4,000 stocks on Monday.  The last time we had over 200 new lows was on January 20th.  In contrast, the most daily new highs this year was 20, on January 2nd.  The QQQQ completed the 13th ... 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

Trading is all about reading the gauges and then knowing how to properly respond.  The chart above is a 15 min Chart of the QQQQ that I was looking at while trading the markets today.  The best trades that work the best are when the most traders are caught on the wrong side of the ... Read more