Archive for the ‘ General Market Index (GMI) table ’ Category
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IBD has now called the market up-trend under pressure and the QQQ short term trend could turn down with a weak or flat day on Monday. I reduced my long positions on Friday with the imminent end of mutual fund window dressing on Tuesday with the end of the second quarter. Too many stocks appeared […]
I meant to post this table on Monday. By the way, Judy reminded me that she also likes DIS as a Star Wars play.
My stock buddy, Judy, has been talking to me about IMAX for years, but recently she urged me again to consider IMAX along with HAS and EA, all companies that might do well with the coming release of of the Star Wars movie in December. So I own all three companies. I am posting their […]
The $QQQ short term up-trend could reverse down Monday with a weak day–after only 2 days of an up-trend! The prior short term down-trend lasted only 3 days. This is a schizoid market. The GMI is at 6 (of 6) but the more sensitive GMI2 is at 3 (of 8). This week may tell the […]
I am very interested in stocks that come public, form a base and then break to new highs. CYBR is getting close to breaking out. It is close to a green line break-out. It may even be completing a cup and handle base, as seen in this weekly chart. With so many hacking events hitting […]
Some signs of short term weakening are appearing. First, a lot of my holdings were rapidly climbing. When that happens the market is often near a short term sell-off. Second, I find that the QQQ and AAPL are up against resistance and thus more likely to retreat than to advance. Lastly, I have noticed that […]
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).