GMI and GMI-R at the max; short and long term indicators in up-trends; GMCR toppy?

GMI6/6
GMI-R10/10
T210883%

All of my indicators are positive again.   My university pension is now   100% invested in mutual funds and at all-time highs. The GMI table below shows

that things look good.   GMI0911The SPY and QQQQ have closed the past 9 weeks above their 10 week averages, a sign of technical strength.   We trend followers must follow the trend and not resist it or have our judgment impaired by the media pundits.

Note that GMCR, which I wrote about months ago as a buy, now may be forming a head and shoulders top.   I am   out of this stock and would be concerned if I still owned it, if   it closes below 52.   The key is to wait to see how far the current bounce goes….

2 thoughts on “GMI and GMI-R at the max; short and long term indicators in up-trends; GMCR toppy?”

  1. GM!

    Thank you for your posts. Your GMI has proven very useful. Markets seem so overbought right now. It is so counter intuitive to get in right now. But as your GMI shows the breadth looks very good.

    I was wondering if your retirement account was TIAA-Cref and if you employ a certain strategy to choose amongst those funds.

    Thanks

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