7th day of $QQQ short term up-trend

GMI

5/6

GMI-2

3/8

What is the GMI?
 

WORDEN T2108

47%

IBD again sees market uptrend under pressure. A flat or down day on Thursday will change the QQQ short term trend to down.

6th day of $QQQ short term up-trend; $OVAS hard to eggnor

GMI

5/6

GMI-2

8/8

What is the GMI?
 

WORDEN T2108

58%

OVAS, a biotech I have been watching since its green line break-out, broke out again on Tuesday:

OVAS03242015

5th day of $QQQ short term up-trend

GMI

6/6

GMI-2

8/8

What is the GMI?
 

WORDEN T2108

59%

4th day of $QQQ short term up-trend; Trading RWB break-outs

GMI

6/6

GMI-2

8/8

What is the GMI?
 

WORDEN T2108

57%

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. COMPQXGMMA03202015

 

 

I use TC2000 to scan for RWB stocks where the dotted line has climbed back above all of the other averages. This alerts me to advancing stocks that may have consolidated and have now resumed their up-trends. Below is an example. CELG is above a green line top, is in an RWB pattern and has just moved above all of its averages. I have had a lot of success trading such patterns. I think a key to success is that these charts are based on weekly patterns and the dotted line keeps me from being scared out of stocks based on daily volatility. The dotted line tracks today’s close relative to prior weekly closes.

CELGGMMA03202015

As for the GMI:

GMI03202015

3rd day of $QQQ short term up-trend

GMI

6/6

GMI-2

8/8

What is the GMI?
 

WORDEN T2108

50%

All of my GMI components are positive. IBD still sees uptrend under pressure.

2nd day of $QQQ short term up-trend; All that Jazz!

GMI

6/6

GMI-2

8/8

What is the GMI?
 

WORDEN T2108

54%

Jazz takes off, with an RWB pattern and a close above its green line top.

Screen shot 2015-03-18 at 7.44.38 PM

1st day of $QQQ short term up-trend

GMI

5/6

GMI-2

7/8

What is the GMI?
 

WORDEN T2108

45%

The new up-trend will have to last 5 days for me to have confidence in it. It is very strange and noteworthy  that only a minority of the Nasdaq 100 stocks rose  as that index advanced. IBD still sees the market uptrend under pressure.

4th day of $QQQ short term down-trend

GMI

4/6

GMI-2

5/8

What is the GMI?
 

WORDEN T2108

46%

Another up day on Tuesday will start a new QQQ short term up-trend.

3rd day of $QQQ short term down-trend; small-caps out-perform

GMI

3/6

GMI-2

3/8

What is the GMI?
 

WORDEN T2108

42%

IBD still sees market up-trend under pressure. The GMI is still on a Buy signal from January, but is holding to a middle 3 our of 6.  The new QQQ short term down-trend must reach at least 5 days for me to be more confident about it. Interestingly, the IWM, Russell 2000 ETF , seems to be showing a lot of relative strength, having just broken above its green line top to an all-time high. Clearly, small-cap stocks are out-performing large-caps right now.

IWM03152015Here is the GMI table. The SPY has now closed below its 10 week average.

Screen shot 2015-03-15 at 9.40.04 PM

2nd day of $QQQ short term down-trend

GMI

3/6

GMI-2

4/8

What is the GMI?
 

WORDEN T2108

47%

Indexes are bouncing from over-sold.



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