IBD still sees market in up-trend but I think it is time for caution

GMI6/6
GMI-24/8
T210835%

GMI holds at 6 (of 6) even as the more sensitive GMI-2 weakens to 4. Volatility continues.   We are still in a post-earnings lull.   Growth stocks that have been strong may bounce at end of second quarter during mutual fund window dressing. I am waiting for strength towards the end of June and into earnings release in July. However, with gold and stock index futures down so much this morning, this is the time for me to hold back and wait for the dust to settle. Worden T2108, at 35%, is still in low neutral territory. The futures (from CNN money site)   are below fair value, but are not in a steep decline.

pre-market

1 thought on “IBD still sees market in up-trend but I think it is time for caution”

  1. Your market concerns are clearly warranted. The Pre-Market Trading data that is shown on your website is from CNNMoney. Did you mean to link to something else on the Yahoo Finance website?

    You have a great website. Keep up the good work!

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