My final 10 thoughts for my fall semester freshmen class on technical analysis; GMI remains Green

GMI6/6
GMI-24/9
T210878%

It took 14 weeks for my freshmen students, most of whom never bought a stock, to be able to understand and appreciate these final thoughts that I sent them after they had completed my course. I thought others might appreciate seeing them. And now I turn to ponder whether I want to offer a similar not-for credit course for non university students and adults?  Proceeds will go to the university.

 

The GMI remains at 6 (of 6) but the GMI2 is only 4 (of 8) and is more sensitive to short term weakness. So the longer term trend remains up but the shorter term is showing some deterioration.

After 11 straight up days in $QQQ are we surprised by a down day! Could be setting up for end of quarter window dressing and Santa Claus rally.

GMI6/6
GMI-27/9
T210880%

With the end of quarter coming it would not surprise me to see a huge end of year rally. Mutual funds’ quarterly reports will aim to show ownership  of the best performing stocks the past few months (without telling when they purchased them) .  My GMI components are all positive. Most advances begin from an oversold position, as last occurred in November. Waiting for a bounce off of a key moving average or the lower 15.2 Bollinger Band.