The GMI came back from 2 as the market rallied on Wednesday. The QQQ completed the second day of a short term down-trend, but could reverse up again on Thursday, with another advance. IBD continues to call the market in a correction and bearish sentiment is still too low for a major new advance. We might get a better idea of the trend after Friday’s option expiration. Time for me to watch from the sidelines.
Hello Dr. Wish,
I know you use the Stochastics readings to enter into stocks. Do you also use it to enter into Market ETFs?
Thanks
Carlos
I didn’t realize that you had a problem with your blog. I’m glad that it is working again. Would you please post the GMI and GMI2 indicators for 5/13, 5/16 and 5/17? Thanks in advance.