Stock Market Technical Indicators & Analysis
Dr. Wish With the GMI at 6 (of 6) I remain invested on the long side. The only warning sign now is the Worden T2108, at 83%. If T2108 rises to above 85%, I will become more cautious. I suspect the market will weaken after earnings are out and as we approach the debt limit confrontation next month.
Short and longer term QQQ trends are up. I am adding to TQQQ and buying individual stocks. T2108 at 83%.
On November 18, when FB was around $23 I wrote that I thought it was under accumulation. On Wednesday, FaceBook broke above $30. The 3D printing stocks continue to rise, with DDD now above $60 and SSYS above $86. The 3D printing stocks are on fire, with good reason. I urge my readers to research this growing industry, first brought to my attention by my stock buddy, Judy.