Archive for the ‘ General Market Index (GMI) table ’ Category

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Apr 19.15 / Dr. Wish
Where to from here?

The QQQ (and the SPY and DIA) are following a pattern similar to the one formed in December and January. The market rises and then enters a downward sloping channel of consolidation. I have drawn in the channel lines in the daily chart of the QQQ below. There are three things I look for in […]

Apr 12.15 / Dr. Wish
New $QQQ short term up-trend

All of my GMI and GMI2 components are positive. The QQQ and SPY have now closed back above their 10 week averages. Time to trade on the  long side again, at least until earnings season is over.

Apr 05.15 / Dr. Wish
Using the modified GMMA to dissect the DOW-30

With the GMI stuck at a middle 3 reading (see table below), I thought it might be useful to analyze the Dow-30 stocks according to the patterns I have been writing about that use a modified GMMA chart. It is noteworthy that a little less than one half (14) of the Dow 30 stocks remain […]

Mar 29.15 / Dr. Wish
GMI holds; market due for 1st quarter earnings bounce?

The GMI rose to 3 on Friday (see table below), keeping the January Buy signal in place. Nevertheless, Friday marked the second day of the new QQQ short term down-trend. A good many of these short term down-trends since 2006 lasted under 5 days. I think it likely that we have finished with the customary […]

Mar 22.15 / Dr. Wish
4th day of $QQQ short term up-trend; Trading RWB break-outs

IBD says the market uptrend has resumed.  All of my GMI and GMI2 components are positive. This GMMA chart of the NASDAQ Composite index shows it to be in a strong RWB up-trend.  Note the weekly close (dotted line) is back above all of the other moving averages.     I use TC2000 to scan […]

Mar 15.15 / Dr. Wish
3rd day of $QQQ short term down-trend; small-caps out-perform

IBD still sees market up-trend under pressure. The GMI is still on a Buy signal from January, but is holding to a middle 3 our of 6.  The new QQQ short term down-trend must reach at least 5 days for me to be more confident about it. Interestingly, the IWM, Russell 2000 ETF , seems […]

Mar 08.15 / Dr. Wish
22nd day of $QQQ short term up-trend

Neither AAPL or the QQQ  or SPY appear to be in an imminent down-trend. All are in RWB up-trends–for now. And look at the dollar! This is the pattern of a peaking stock. The GMI is at 5 (of 6).

Mar 01.15 / Dr. Wish
On my use of the GMI, A Darvas type RWB rocket stock: $AMBA

Most of my readers know that using many of the indicators counted by the GMI (see box at bottom of this page) I was successfully able to stay out of the market during most of the 2000 and 2008 declines. After a bottom was in I reinvested on the long side. The GMI has a […]

Feb 22.15 / Dr. Wish
An important limitation of the GMI signals

I have found that since 2006, the GMI has done a good job of keeping me on the side of the general market trend. It is my cardinal rule to trade consistent with the market trend.  While the GMI has helped me to exit the market in prior major declines, I have discovered an important […]

Feb 16.15 / Dr. Wish
GMMA charts show no market top in sight

I read a lot of pundits who repeatedly claim that this market is topping. If they keep claiming this, someone will eventually be correct! But we technicians rely on indicators to guide our trading. We must always guard against marrying a scenario and be ready to change direction to be consistent with the market’s main […]

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