Note that all of these are above their last green line tops. I wonder if the medical distribution index is reflecting the sale of medical goods for Ukraine? or a new COVID variant outbreak on the horizon?
Dr. Wish
Blog post: Day 46 of $QQQ short term down-trend; $QQQ is in Stage 4 decline, see weekly chart
This looks like the beginning of a significant Stan Weinstein Stage 4 down-trend. Time to be in cash or short.
Blog post: Short term 1-3 yr treasury bonds, $SHY, in steady daily BWR decline signifying higher interest rates
As these bonds decline, interest rates rise.
The GMI remains on a Red signal.
