2 thoughts on “QQQ short term up-trend survives–for now”
I’ve noticed that despite all of the noise, doom and gloom etc, that growth stocks have been performing well. AMZN, CERN, HANS, GMCR, ATHN, JAZZ to name a few are nearing or are at highs. I think the GMI is a terrific tool, but it is tool and not a crystal ball.
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I agree with most of what you say. However, the key to me is that growth stocks like you mentioned tend to go back and forth in a down market but are more likely to produce consistent tradable returns when the market, as measured by the GMI, is in a strong up-trend.
I’ve noticed that despite all of the noise, doom and gloom etc, that growth stocks have been performing well. AMZN, CERN, HANS, GMCR, ATHN, JAZZ to name a few are nearing or are at highs. I think the GMI is a terrific tool, but it is tool and not a crystal ball.
I agree with most of what you say. However, the key to me is that growth stocks like you mentioned tend to go back and forth in a down market but are more likely to produce consistent tradable returns when the market, as measured by the GMI, is in a strong up-trend.