12th Day of QQQ short term up-trend

GMI6/6
GMI-26/8
T210880%

T2108 breaks 80%, in overbought territory, and about one half of Nasdaq 100 and Dow 30 stocks have an overbought stochastics reading. Still, the GMI buy signal of 12/23 remains firmly in place. Among the   17 stocks hitting a new high on Thursday and having very good fundamentals are: NEU, ADS, ARG, DCI, PETM, SBUX, HIBB, FAST, FEIC,CRMT, WYN,GNRC.   All are at all-time highs.

5 thoughts on “12th Day of QQQ short term up-trend”

  1. Hello Dr. Wish

    Its taking my much longer than i expected to get up to speed. From what I’ve looked at so far there are still a lot of things going against being bullish the market. The market is still fighting to get above the major trend-line it broke over the past summer, and the 50 day still lies well below the 200day. The 200day still slopes downward. Quick look at the treasuries and dollar aren’t so encouraging.

    Should be fully up to speed by next week, looking to see how this week closes.

  2. I agree with you there nbravens. T2108 overbought. Might be a good point to add to shorts here. Risk/Reward looks appealing at these levels.

  3. I use TC2000 and would like add the GMI index value as an indicator to see how it tracks over time. Have you done this or know how to do it. Thanks for all your efforts.

  4. I will be posting the results of our study soon. Since 2006, following the GMI signals outperformed a buy and hold strategy and kept one out of the market 40% of the time.

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