GMI Sell Signal

GMI

1/6

GMI-2

0/8

What is the GMI?
 

WORDEN T2108

29%

The GMI issued a Sell signal.  I am mainly in cash in my trading accounts. I remain invested in mutual funds in my pension accounts which I cannot trade at will.

Bounce coming? In cash.

GMI

1/6

GMI-2

0/8

What is the GMI?
 

WORDEN T2108

26%

IBD says put/call ratio Monday was 1.24. Bounces usually come from this level. I am mainly in cash in my trading accounts. I forgot to post this table on Sunday night:GMI06262015

But this is history. The GMI is now 1 (revised after IBD released mutual fund index) and another day below 3 will signal a Sell.

$QQQ short term up-trend in peril–futures indicate wash out coming

GMI

5/6

GMI-2

3/8

What is the GMI?
 

WORDEN T2108

43%

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 to be breaking down and a lot of GLBs were failing. When stocks that break out fail, it is a warning sign for the market. And now we have the uncertain developments in Greece to deal with.

The QQQ has formed a possible triple top,with its failure to hold the level above the top line in this chart and the failure to hold the lower line. The QQQ has stalled the past few 2 months. The next most important support level is at the lower BB, around 107.60.  If this fails, we could be in for a major decline. It is also possible that a quick decline could set up a rally into second quarter earnings release in mid-month. I am being super cautious.

QQQ06262015

Expecting strong stocks to rise with end of quarter window dressing

GMI

5/6

GMI-2

6/8

What is the GMI?
 

WORDEN T2108

43%

Getting defensive

GMI

5/6

GMI-2

7/8

What is the GMI?
 

WORDEN T2108

45%

Market short term overbought?

GMI

6/6

GMI-2

8/8

What is the GMI?
 

WORDEN T2108

47%

The Nasdaq 100 stocks (QQQ) are very over bought with about 44% having a daily 10.4 stochastic greater than 80. The QQQ is also near the top 15.2 daily Bollinger Band.  A short term decline is likely although the longer term trend indicators remain firmly up.

QQQ06232015

All indicators remain positive; $DIS

GMI

6/6

GMI-2

8/8

What is the GMI?
 

WORDEN T2108

47%

GMI06192015I meant to post this table on Monday. By the way, Judy reminded me that she also likes DIS as a Star Wars play.

DISGMMA06222015

All GMI components are positive; Betting on Star Wars–$IMAX, $HAS, $EA

GMI

6/6

GMI-2

8/8

What is the GMI?
 

WORDEN T2108

46%

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 weekly modified GMMA charts below to show they are all in RWB up-trends. I will hold all three until December, unless the market weakens greatly. IMAX and HAS are also above recent green line tops, at all-time highs. EA is heading towards its last green line top.

IMAXGMMA06212015HASGMMA06212015EAGMMA06212015

 

 

Dropping $QQQ short term trend count

GMI

5/6

GMI-2

8/8

What is the GMI?
 

WORDEN T2108

49%

You may have noticed that during the time my GMI based signal has been on a “Buy” since May 11, my short term trend indicator for the QQQ has triggered several buy and sell signals. These short term signals encouraged me to get out of the market or reduce my holdings in my trading accounts only to see the short term trend reverse back up after a few days. I have therefore decided to stop posting and heeding my short term trend indicator and to rely instead on my GMI signals. I will merely follow the longer term trends measured by the GMI components.

$CYBR holds green line break-out

GMI

4/6

GMI-2

5/8

What is the GMI?
 

WORDEN T2108

40%

CYBR06172015



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