General Market Index (GMI) table

5th day of $QQQ short term up-trend; Death of the 3D printing fad-$DDD, $SSYS

@ 10:30 pm
GMI6/6
GMI-28/9
T210853%

All of my GMI and GMI-2 indicators are positive. This market acts like it wants to continue the longer term up-trend.

GMI05152015I thought you might like to see the value of the GMMA for tracking the life cycle of a growth stock. DDD remained in an RWB up-trend for most of the period from 2012-2013. In May of 2014 the RWB pattern ended and changed into a bearish BWR pattern. Every stock, ETF and mutual fund owner should draw the GMMA chart and see whether the pattern is RWB or BWR.

DDDguppy05172015SSYS, another 3D printing stock showed a similar pattern. Note the Head and Shoulders top (S/H/S) which I identified long ago.

SSYSgmma05172015I only hold stocks in a bullish RWB pattern. Ride the trend…..

By the way, look at the strong RWB pattern in the SPY (and DIA and QQQ). The media world is filled with hysterical “chicken littles” screaming that the sky is falling….

SPYgmma05172015

 

 

GMI back to 4; see-saw market but longer term trends remain up

@ 10:39 pm
GMI4/6
GMI-26/9
T210849%

IBD still sees the market in a correction, the GMI is on a Sell signal and the QQQ has completed the second day of its new short term down-trend. BUT, both the QQQ and SPY closed   above their 10 week averages and the QQQ closed above its recent channel again.   Bottom line— time to be extra cautious and see if the market short term up-trend will re-assert itself. A strong day on Monday could signal a new GMI Buy signal and new short term up-trend.

QQQ05082015

This   weekly GMMA chart of the SPY shows it to remain in a strong RWB up-trend. The QQQ and DIA have similar RWB patterns.

SPYGMMA05082015

The GMI is back to 4 (of 6).

GMI05082015