IBD: market back to “up-trend under pressure”; get posts at night

GMI5/6
GMI-24/8
T210860%

After only one day saying the market was in a correction, IBD up-graded the outlook to up-trend under pressure. The GMI also came back from the brink,   rising to 5.   This extreme volatility is difficult to interpret, with technical indicators going back and forth.   It will take another strong day to change the QQQ short term trend to up again.   I remain on the sidelines in my trading accounts, waiting for the dust to settle. The longer term trends remain up, with QQQ, SPY and DIA still in Stage 2 up-trends. I therefore remain fully invested in mutual funds in my university pension accounts.

While my posts go out by email (if you signed up) around 7:00 AM daily, you usually can access them directly on the site the night before.

2 thoughts on “IBD: market back to “up-trend under pressure”; get posts at night”

  1. We buy, the market goes down. We sell, the market goes up. Even IBD is unsure nowadays. That’s why I stayed on the sidelines since I sold my INVN and DDD, and slept worry-free for weeks!!

  2. mark, the sidelines right now is not the place to be. missing out on gains is just as bad as taking losses. I purchased DDD on July 17th and it’s gained 14% since then.

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