QQQ remains in Stage 2 up-trend; GMI2=8 (of 8)

GMI4/6
GMI-28/8
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The weekly chart usually provides me with a better picture of the market’s main trend.   The weekly chart of the QQQ below clearly shows that this index has been in a Stage 2 up-trend.   Note that the index is well above its rising 30 week average (red line).   As long as the major indexes show this pattern, I remain 100% invested in my primary university pension accounts.   All of the major indexes I follow (QQQ, DIA and SPY) are in Stage 2 up-trends.

QQQweekly08252013

You can also see from this chart all of the recent   GMI buy/sell signals.   The GMI has been on a Buy since July 5.

The table below shows the components of the GMI and the GMI2. I have revised the GMI2 by adding two new indicators (7 and 8) that I want to monitor.   I use the GMI2   to keep me focused on this set of 8 very technical indicators and not for specific buy/sell signals.   Note that the GMI2=8, which means that all of its indicators are positive.

GMI08232013

1 thought on “QQQ remains in Stage 2 up-trend; GMI2=8 (of 8)”

  1. Your QQQ chart above is good. The market has been going up for 4 days, and IBD has not changed their “market in correction”!! The grain of salt applies here, too. I will wait until they change to UPwards, wait two weeks and start selling!

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