The GMI is now 5 (of 6) and the GMI-R is 9 (of 10). There were 134 new highs and 52 new lows in my universe of 4,000 stocks on Monday. June 19 was the last time there were more than 100 new highs (102). Monday was the fourth day of the current QQQQ up-trend. I am accumulating QLD and other stocks.
Dr. Wish
GMI: 4; GMI-R: 8; 3rd day of QQQQ up-trend
The GMI remains at 4 (of 6) and the more sensitive GMI-R rose to 8 (of 10). There were 80 new highs and 72 new lows in my universe of 4,000 stocks on Friday. The Worden T2108 indicator is now at 50%. The QQQQ is back above its 10 week average and I am adding stocks and QLD. Friday was the third day of the new QQQQ up-trend. The prior down-trend lasted 39 days.
GMI: 4; GMI-R: 6; 2nd day of QQQQ up-trend; buying QLD
Thursday was the second day of the new QQQQ up-trend. However, there were only 36 new highs and 81 new lows in my universe of 4,000 stocks on Thursday. Three fourths of the Nasdaq 100 and S&P 500 stocks had their MACD close above its signal line, a sign of a growing up-trend. The QQQQ 10 day average is now above its 30 day average. I am slowly buying some QLD.