New GMI Sell signal; falling dollar

GMI

1/6

GMI-2

2/8

What is the GMI?
 

WORDEN T2108

41%

With the GMI less than 3 for two days, it has now flashed a Sell signal.  The QQQ short term trend has also turned down. This daily GMMA chart of UUP shows that the dollar’s short term up-trend has been broken. The RWB pattern is gone.

UUP05072015

Change in short term trend imminent, IBD sees market correction

GMI

2/6

GMI-2

2/8

What is the GMI?
 

WORDEN T2108

42%

Wednesday was the 19th day of the QQQ short term up-trend. That up-trend could end on Thursday and the GMI could signal a Sell with a weak day. IBD now sees the market in a correction. The collapse of the biotech leaders is an ominous sign. In addition there have been more new lows than highs for the past 2 days. Interest rates are rising. The failure of the QQQ to hold its channel break-out (see chart) is also a major sign of weakness. I am largely in cash in my IRA trading account. I have a small position in SQQQ also.

QQQ05062015

18th day of $QQQ short term up-trend; $TASR-picture perfect!

GMI

3/6

GMI-2

3/8

What is the GMI?
 

WORDEN T2108

45%

My market indicators are quickly deteriorating.  QQQ sold off on large volume and re-entered its channel.  I am getting very defensive.

One of my only holdings is TASR, which has broken its green line top from December 2004. TASR hit a new all-time high on Tuesday. A lot of police are going to be wearing their cameras. My stock buddy Judy has been talking about TASR for quite a while. Having gone vertical, it may be extended.

TASR05052015

 

17th day of $QQQ short term up-trend

GMI

3/6

GMI-2

7/8

What is the GMI?
 

WORDEN T2108

53%

Critical test for $QQQ this week

GMI

3/6

GMI-2

6/8

What is the GMI?
 

WORDEN T2108

51%

The QQQ just closed back above its recent channel. If it doesn’t hold, look out below!

QQQ05012015Meanwhile the GMI is at 3 (of 6).

GMI05012015

15th day of $QQQ short term up-trend; QQQ fails break-out

GMI

3/6

GMI-2

4/8

What is the GMI?
 

WORDEN T2108

46%

The QQQ fell back into its channel, an ominous sign.  I am hedging my few long positions with SQQQ.  This market could get ugly.

QQQ04302015

14th day of $QQQ short term up-trend

GMI

4/6

GMI-2

7/8

What is the GMI?
 

WORDEN T2108

57%

Failure of AAPL to maintain rise after earnings is troubling sign for the market. Getting very defensive.

AAPL04292015

13th day of $QQQ short term up-trend

GMI

4/6

GMI-2

7/8

What is the GMI?
 

WORDEN T2108

63%

12th day of $QQQ short term up-trend

GMI

5/6

GMI-2

8/8

What is the GMI?
 

WORDEN T2108

59%

Rotation out of bio-techs?

11th day of $QQQ short term up-trend

GMI

6/6

GMI-2

8/8

What is the GMI?
 

WORDEN T2108

62%

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.

GMI04242015



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