Dr. Wish

GMI: 0; GMI-R: 1; T2108: 21%; 28th day of QQQQ down-trend; QID: +14.7%

@ 12:01 am

The GMI remains at zero while the GMI-R rose one, to 1. This is because there were 31 new highs and 30 new lows in my universe of 4,000 stocks on Monday.   The Worden T2108 indicator rose to 21%, out of extreme bottom territory. Since I identified when this down-trend began, the QQQQ has declined 7.8%, and in that time, 81%of the Nasdaq 100 stocks declined, 39% declined by more than 10%.  If I had simply bought the utra short QQQQ ETF, QID, and held it for the past 28 days, I would have made 14.7%.  Why fight the tide when one can swim with it so profitably.

GMI: 0; GMI-R: 0; 27th day of QQQQ down-trend

@ 12:01 am

The GMI and GMI-R are back to their minimum readings.  There were 36 new highs and 58 new lows in my universe of 4,000 stocks on Friday. GMI0718 The Worden T2108 Indicator is at 19%, up from an extreme low of 8% on July 7.   Interesting, 68%  of the Nasdaq 100 stocks are now above their MACD signal  line, a sign of strength.  Friday was the 27th day of the current QQQQ downtrend (D-27).  Nevertheless, with all of the GMI indicators negative (click on table to enlarge) the down-trend remains intact.