$SPY back above 30 week average, promising up-trend

GMI4/6
GMI-27/8
T210883%

With the 4wk and 10 wk averages rising and the index above its 30 week average, it looks like SPY is forming an up-trend. I have started transferring my pension funds back into mutual funds. Once 30 week average curves up, indicating Stage II up-trend,  will transfer rest into market.

The GMI remains on a Green signal. Limited number of stocks hitting new highs and few successful new highs  are keeping total to 4 (of 6).

Leave a Reply

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