Fly on instruments?

GMI5/6
GMI-27/8
T210838%

This is one of those times when my emotions tell me to flee but my instruments say buy or hold. The GMI has again flashed a Buy signal.   My very short term trend count for the QQQ is   U-14, 14th day of an up-trend. The SPY has retaken its 30 week average along with the QQQ. Only the DIA, weighted down by energy and large multinational stocks, remains below its 30 week average. AAPL remains below its 30 week average along with the majority of the Dow 30 stocks. However, the QQQ looks like it wants to go up. Both the QQQ and SPY have closed   above their critical 30 week (solid red line) and 10 week averages (blue dotted line). These markets remain in up-trends…..

QQQ07302015

SPY07302015

GMI07312015

 

1 thought on “Fly on instruments?”

Leave a Reply

This site uses Akismet to reduce spam. Learn how your comment data is processed.

%d bloggers like this: