GMI stays at 2, QQQ short term up-trend holds

GMI2/6
GMI-23/8
T210837%

Wednesday was the 74th day of the current QQQ short term up-trend and is inconsistent with the GMI sell signal flashed on Tuesday.   IBD still says the market is in a correction. It will take a few more days to discern the market’s true trend.   I remain in cash in my trading accounts and on the sidelines. I still own a few put options on GLD. It is of concern that AAPL did not rise with the market on Wednesday.   It has declined three days in a row. When the leaders do not charge ahead with the market, it can be a warning sign.

2 thoughts on “GMI stays at 2, QQQ short term up-trend holds”

  1. How do you use the GMI-2 or do you just use the GMI to make investment decisions? Your site is the most useful investment site on the internet! Thanks, Rich

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