Archive for the ‘ General Market Index (GMI) table ’ Category
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The daily GMMA chart of the QQQ shows the strong current up-trend in this index ETF. The arrows show recent GMI Buy and Sell signals. Note how the short term averages (red lines) constrict when a pause occurs. As long as the shorter term averages are rising above the longer term averages (blue) the up-trend […]
Here are weekly charts of two stocks that are recent GLB that hit new all-time highs last week. Meanwhile, the GMI remains at 6 (of 6).
I ran my TC2000 scan for stocks with good earnings that hit a 52 week high on Friday. The list is posted to the right. There were 15 stocks. Five have a flag to the left, indicating they appear in one of my IBD watch lists. All of these but DTSI and FARM, are trading […]
In response to a comment left by a reader who questioned the value of the GMI, I am posting a visual of how the QQQ behaved since 2006 while the GMI was on a Sell (red) or Buy (green) signal. You will see that the GMI got me out of the major declines. The cost […]
The snap-back in my indicators was quick and extraordinary. A new QQQ short term up-trend has begun. However, it has to last 5 days for me to heavily accumulate TQQQ, the 3X leveraged bullish QQQ ETF. I did take a small position in TQQQ at the end of the day on Friday. Buying right after […]
The sharp rise on Friday came from very over-sold levels. Given that the market often is strong towards the end of the year, I would not be surprised to see a rise that takes us through mid-January. But with people being worried by Ebola and the Fed’s cessation of QE , this market could resume […]
If anyone tells me they know when a market decline will end, I ignore them and run the other way. The truth is that no one knows, except by chance, when a market will turn. The market consists of millions of “voters” all betting on stocks using different strategies and each with their own tolerance […]
The GMI remains on a Sell signal and I remain largely in cash and hedged. I do hold a few biotech stocks, see discussion below. This market is rebounding from a high volume decline. It remains to be seen whether this rebound will retake prior peaks or falter somewhere before. This week is very critical […]
The GMI now registers 1 and flashed a Sell signal as of Friday’s close and my QQQ short term trend has turned down. Sometimes these changes in short term trend do not persist for more than a day or two, so I watch the market action very closely. There are a lot of other technical […]
There are some very curious statistics tied to the current market. At a time when the SPY, and DIA are near new all-time highs, the measures of the market internals are weak. For example, why is the T2108 only at 40%? This means that only 40% of NYSE stocks closed Friday above their 40 day […]