The GMI is now at 2 (of 6) and the GMI-R is 3 (of 10). There were 48 new highs and 153 new lows in my universe of 4,000 stocks on Monday. It is almost time to go to cash again. The QQQQ is sitting right on support and if it fails I will go to cash.
Stock Market Technical Indicators & Analysis
The GMI is now at 2 (of 6) and the GMI-R is 3 (of 10). There were 48 new highs and 153 new lows in my universe of 4,000 stocks on Monday. It is almost time to go to cash again. The QQQQ is sitting right on support and if it fails I will go to cash.
Thanks for the GMI update. I read you daily.