Dr. Wish

GMI: 0; minimal changes; D-31

@ 7:48 am

GMI is still at zero.  Gmi0623 On Friday there were 24 new highs and 143 new lows in my universe of nearly 4,000 stocks.  33-50% of the stocks in the QQQQ, SPY and DIA advanced.  Indicators are off of their lowest levels of the past few weeks.  Friday was the 31st day (D-31) of the current QQQQ down-trend.  We have completed 7 weeks with the QQQQ below its 10 week average.  It will take some time for the trend to reverse.  I remain mainly in cash with a few put options in my IRA.

Please send your comments to:  silentknight@wishingwealthblog.com.

GMI: 0; Minimal Changes

@ 8:04 am

The GMI is still at zero.  Gmi0620 There were 18 new highs and 139 new lows in my universe of nearly 4,000 stocks.  50% of the Nasdaq 100 stocks advanced Tuesday, along with 42% of the S&P 500 and 68% of the Dow 30 stocks.  Changes were minimal in any of my other indicators and I am not presenting them.  This market is consolidating before it moves again.  Tuesday was the 28th day in the current QQQQ down-trend.