The GMI is still at the maximum level of 6 and the QQQQ up-trend is in its 19th day. Since this up-trend began at the end of August, the QLD has increased 9.6%. Thus, when the GMI turned 3 at the end of August, by just buying this Ultra ETF that rises twice as much as the QQQQ , I could have made 9.6% on my investment, through Wednesday. Of course, I did start accumulating QLD back then…….
Dr. Wish
GMI: 6; QLD strong
The GMI remains at a maximum reading of 6. QLD continues to be strong, as Tuesday was the 18th day in the current QQQQ up-trend.
GMI: 6; 17th day of QQQQ up-trend
The GMI is at a maximum of 6 and the QQQQ up-trend is in its 17th day. Riding QLD and selling covered calls.