9th day of $QQQ short term up-trend; $NXPI breaking out?

GMI

6/6

GMI-2

8/8

What is the GMI?
 

WORDEN T2108

53%

I watch NXPI because my stock buddy, Judy, likes the concept.  It could be breaking out of a cup and handle base if it holds Thursday’s lows. (I own it.)

NXPI05212015

NXPI is above its green line break-out (all-time high) and has a strong RWB pattern.

NXPIGMMA05212015

8th day of $QQQ short term up-trend; $GE ready to move up?

GMI

6/6

GMI-2

8/8

What is the GMI?
 

WORDEN T2108

54%

GE is not the type of  stock I typically trade. However, it has a nice dividend yield (about 3.4%) and after that huge gap up in April after it announced a major restructuring, it looks like GE is ready to move up again. I own some and am willing to collect the dividend while I wait for good things to happen. Doesn’t WB own a lot of GE?

GE05202015

7th day of $QQQ short term up-trend

GMI

6/6

GMI-2

8/8

What is the GMI?
 

WORDEN T2108

53%

6th day of $QQQ short term up-trend; GLB: IMAX makes a pretty picture

GMI

6/6

GMI-2

8/8

What is the GMI?
 

WORDEN T2108

55%

IMAX had a green line break-out to an all-time high on Monday. I bought some. Note the high volume spikes on up-days (black spikes).

IMAX05182015

The green line was drawn at the all-time high reached in 2011.

Screen Shot 2015-05-18 at 8.31.36 PMIMAX is in a nice RWB up-trend.

ImaxRWB05182015

 

5th day of $QQQ short term up-trend; Death of the 3D printing fad-$DDD, $SSYS

GMI

6/6

GMI-2

8/8

What is the GMI?
 

WORDEN T2108

53%

All of my GMI and GMI-2 indicators are positive. This market acts like it wants to continue the longer term up-trend.

GMI05152015I thought you might like to see the value of the GMMA for tracking the life cycle of a growth stock. DDD remained in an RWB up-trend for most of the period from 2012-2013. In May of 2014 the RWB pattern ended and changed into a bearish BWR pattern. Every stock, ETF and mutual fund owner should draw the GMMA chart and see whether the pattern is RWB or BWR.

DDDguppy05172015SSYS, another 3D printing stock showed a similar pattern. Note the Head and Shoulders top (S/H/S) which I identified long ago.

SSYSgmma05172015I only hold stocks in a bullish RWB pattern. Ride the trend…..

By the way, look at the strong RWB pattern in the SPY (and DIA and QQQ). The media world is filled with hysterical “chicken littles” screaming that the sky is falling….

SPYgmma05172015

 

 

4th day of $QQQ short term up-trend

GMI

6/6

GMI-2

8/8

What is the GMI?
 

WORDEN T2108

52%

All GMI components are positive. IBD sees market back in confirmed up-trend. QQQ looks strong.

QQQ05142015

3rd day of new $QQQ short term up-trend

GMI

5/6

GMI-2

5/8

What is the GMI?
 

WORDEN T2108

45%

GMI continues to strengthen.  I will be more confident of the QQQ short term up-trend if it can reach 5 days.

2nd day of $QQQ short term up-trend

GMI

4/6

GMI-2

4/8

What is the GMI?
 

WORDEN T2108

44%

Market still trying to make up its mind regarding the probable trend.

Shot term trend turns up

GMI

5/6

GMI-2

8/8

What is the GMI?
 

WORDEN T2108

47%

The GMI is back on a Buy signal.

GMI back to 4; see-saw market but longer term trends remain up

GMI

4/6

GMI-2

6/8

What is the GMI?
 

WORDEN T2108

49%

IBD still sees the market in a correction, the GMI is on a Sell signal and the QQQ has completed the second day of its new short term down-trend. BUT, both the QQQ and SPY closed  above their 10 week averages and the QQQ closed above its recent channel again.  Bottom line— time to be extra cautious and see if the market short term up-trend will re-assert itself. A strong day on Monday could signal a new GMI Buy signal and new short term up-trend.

QQQ05082015

This  weekly GMMA chart of the SPY shows it to remain in a strong RWB up-trend. The QQQ and DIA have similar RWB patterns.

SPYGMMA05082015

The GMI is back to 4 (of 6).

GMI05082015



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