Archive for the ‘ General Market Index (GMI) table ’ Category
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It was great to see many of you at Saturday’s AAII workshop. Friday was 47th day of current $QQQ short term up-trend. IBD still sees “uptrend under pressure.” This weekly chart shows that QQQ remains in a strong Stage 2 up-trend, however. Click on chart to enlarge.
Next Saturday, Dr. Alan Ellman and I will be doing an AAII work-shop in Virginia. I hope to see you there. Meanwhile, GMI is at 5 (of 6) and still on a Buy signal.
All of my GMI indicators remain positive. Since the GMI Buy signal on 4/22, the QQQ has advanced +9.3%, the SPY is up +5.5% and the DIA is up +3.4%. The QQQ leveraged ETF’s are up: QLD +19.4% and TQQQ +30.5%. One of the best ETF performers has been SOXL, up +34.5%. During this same […]
All GMI components are positive. SPY remains in a Stage 2 up-trend (weekly charts): As is the QQQ: As is AAPL. See you at my AAII work shop on July 19?
I have written before that an RWB pattern, where short term averages (red lines) are well above rising longer term averages (blue lines) such that there is a white space in between them, is typical of rocket stocks. I decided to create these modified GMMA charts for four time periods to get an idea of […]
Still expecting a strong last week of month as second quarter comes to an end.
I teach my students to let the action of the market reveal its true nature. Ignore the interpretations of the media pundits, who are typically most interested in selling their advice. Many of these pundits have been warning of an imminent market top. They have their many logical scenarios and use fundamentals and statisitcs to […]
The GMI is at 6 (of 6) and the more sensitive GMI-2 is at 8 (of 8). Friday was the 13th day of the current QQQ short term up-trend (U-13).
Every time I open my browser it opens the marketwatch.com webpage. This site is a wonderful way to keep up on the trend of the market during market hours. It also has many great articles. However, I am struck by the number of pundits who have recently written about the tough market that we have […]
With so many media pundits talking about an imminent bear market, I think that sentiment may be too pessimistic. The QQQ is now in its 4th day of its new short term up-trend and it closed the week back above its critical 10 week average. The latter is a very significant development for me. Furthermore, […]