The sudden decline on Wednesday reversed the positive signs seen in the GMI. The QQQ short term up-trend still completed its 10th day and continues. If the short term trend turns down, I will go back to cash.
Dr. Wish
9th day of QQQ short term up-trend; slowly going long
GMI hits 4 for first time since July 26. Slowly re-entering market on the long side.
8th day of QQQ short term up-trend; some leaders shine
With the leaders like AAPL, AZO, AMZN and CMG hitting new highs, it seems like the tech/growth stocks are turning up. Monday was the 8th day of the new QQQ short term up-trend. SBUX and MAKO, a Judy long time pick, also hit new highs. On the other hand, NFLX, a dethroned stock, hit the skids again. Anyone who understands Stage Analysis should have seen this decline coming over a month ago. Technical analysis gets me out before the decline accelerates. I am slowly putting my university pension money back into mutual funds.