GMI flashes Buy signal; FB continues to rise

GMI5/6
GMI-24/8
T210856%

The GMI stayed at 5 on Thursday and switched to a Buy mode. This is because the GMI closed for the second day above 3. Thursday was the 3rd day of the new QQQ short term up-trend.   I am slowly adding to TQQQ.   If the new up-trend lasts through Monday, its 5th day, I will accumulate more TQQQ.

Meanwhile, FB continues to climb, up another 3.6% on Thursday. This daily Guppy GMMA chart shows that all of the shorter term averages (red) are now rising above the longer term averages (blue).

1 thought on “GMI flashes Buy signal; FB continues to rise”

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