Stock Market Technical Indicators & Analysis
The GMI is at 6. If you read my post last Monday, you know that I expected a strong week with the mutual funds buying up the strong stocks for their end of quarter portfolio reports. 
At the same time most of the media pundits were wringing their hands over inflation and housing woes and expecting a down week. It pays to think for yourself and go against the crowd.
Please send your comments to: silentknight@wishingwealthblog.com.
The GMI is back to 6, and the "window dressing" I wrote about yesterday has begun. The funds are loading up on the leaders. 
The GMI-S is back to 100. 84-88% of the stocks in the Nasdaq 100, S&P 500 and Dow 30 indexes advanced on Monday. My holdings in QLD and AAPL did nicely. There were 132 new highs in my universe of 4,000 stocks. Monday was the 26th day in the current QQQQ up-trend. The big question is whether the scary month of October will begin on the down-side.
Please send your comments to: silentknight@wishingwealthblog.com.
The GMI fell back to 5 on Friday. However, with the end of the quarter coming this week, the funds might buy the winners so they look smart when they send out their end of quarter portfolios. 
It should be an interesting week.
Please send your comments to: silentknight@wishingwealthblog.com.