Archive for the ‘ General Market Index (GMI) table ’ Category
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With AAPL showing strength, it looks like this market will move higher. Check out AAPL’s daily chart. And its strong RWB pattern. Stocks are breaking through their green line tops to all-time highs. Like SYNA And IMAX And MGA And TCX And CTRP I like to hold stocks that break up through their green line […]
All of my GMI and GMI-2 indicators are positive. This market acts like it wants to continue the longer term up-trend. I 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. […]
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 […]
The QQQ just closed back above its recent channel. If it doesn’t hold, look out below! Meanwhile the GMI is at 3 (of 6).
IBD now sees the market back in a confirmed up-trend. The GMI remains on a Buy signal since January 23rd. All of my component indicators are positive.
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 […]
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.
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 […]
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 […]
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 […]