IndicatorsGMI: 0/6GMI-2: 3/8T2108: 4% [Read More...]
$AAPL and $QQQ in daily BWR down-trends; 18th day of $QQQ short term down-trend
IndicatorsGMI: 0/6GMI-2: 1/8T2108: 3%Note how my modified GMMA charts clearly show the change in trend. How comfortable it is to invest in stocks and markets in daily RWB up-trends. Both AAPL and QQQ are in daily BWR down-trends. [Read More...]
It took 23 months for the S&P 500 to come back from the October 1987 crash
IndicatorsGMI: /6GMI-2: /8T2108: % [Read More...]
Mainly in cash; 8th day of $QQQ short term down-trend
IndicatorsGMI: 1/6GMI-2: 3/8T2108: 13%Nice to watch from the sidelines….. [Read More...]
Two indicators of an extremely oversold condition: Put/call ratio= 1.21 and T2108=9
IndicatorsGMI: 1/6GMI-2: 2/8T2108: 9%I finished transferring all of my university pension accounts from mutual funds to money market funds. I know that the put/call ratio and T2108 are at levels where bottoms or bounces have typically occurred. But this time may be different with a pandemic on the horizon. I would rather take the chance of missing a 5-10% rise than experiencing a 20-40% decline. So I am safely in cash on the sidelines. My trading account holds a little UGLD and SQQQ and remains near record levels. The speed of this decline suggests to me that we may be in the early stages of a bear market. [Read More...]
$GLD continues daily RWB up-trend; 88th day of $QQQ short term up-trend
IndicatorsGMI: 6/6GMI-2: 7/8T2108: 50% [Read More...]
$ZM up against green line; 89th day of $QQQ shot term up-trend
IndicatorsGMI: 6/6GMI-2: 7/8T2108: 52%Weekly chart. [Read More...]
80th day of $QQQ short term up-trend
IndicatorsGMI: 6/6GMI-2: 7/8T2108: 52% [Read More...]
75th day of $QQQ short term up-trend
IndicatorsGMI: 6/6GMI-2: 3/8T2108: 47% [Read More...]
Since 2006, only 6 of 94 $QQQ short term up-trends have lasted 70-88 days; Current count = Day 70
IndicatorsGMI: 6/6GMI-2: 7/8T2108: 60% [Read More...]
$FB recently had a GLB to ATH; Day 65 of $QQQ short term up-trend
IndicatorsGMI: 5/6GMI-2: 7/8T2108: 65%Monthly chart: [Read More...]
$TTD up against green line peak, will it break through?
IndicatorsGMI: 5/6GMI-2: 7/8T2108: 61%Weekly chart: [Read More...]
$DOCU has high volume GLB–will it hold?
IndicatorsGMI: 4/6GMI-2: 3/8T2108: 52% [Read More...]
On to mutual fund window dressing— going higher
IndicatorsGMI: 6/6GMI-2: 7/8T2108: 70%QQQ is in a nice daily RWB up-trend, as are IWM DIA SPY [Read More...]
$TLT falling= rising long term interest rates; 6th day of $QQQ short term up-trend
IndicatorsGMI: 5/6GMI-2: 6/8T2108: 68% [Read More...]
GMI turns Green and Day 1 of new $QQQ short term up-trend
IndicatorsGMI: 5/6GMI-2: 6/8T2108: 49%This weekly chart shows that QQQ remains in a Stage II up-trend. [Read More...]
10th day of $QQQ short term down-trend; $QQQ resting on 30 week average
IndicatorsGMI: 1/6GMI-2: 0/8T2108: 27%SPY and DIA have closed below their 30 week averages. [Read More...]
$QQQ Still in Weinstein Stage II up-trend
IndicatorsGMI: 1/6GMI-2: 2/8T2108: 32%The QQQ and SPY have retaken their 30 week averages (red line). This weekly chart shows QQQ is still in a Stage II up-trend. [Read More...]
$NFLX daily RWB pattern gone by Wednesday’s close
IndicatorsGMI: 6/6GMI-2: 7/8T2108: 62%According to the rules I discussed at AAII last weekend, one could have chosen to sell out NFLX around Wednesday’s close when the daily RWB pattern disappeared and the stock was set to close below all 12 averages. An earlier sign of weakness was its close (dotted line) below all 6 short (red) averages several days ago. Or just never hold through earnings….. [Read More...]
$SPY in Stage II up-trend; 17th day of $QQQ short term up-trend
IndicatorsGMI: 6/6GMI-2: 7/8T2108: 66% [Read More...]