GMI remains on a Buy, IBD sees market in a correction, and my QQQ short term trend is still down–go figure! IF AAPL can hold its after market rise, the QQQ could start a new short term up-trend by Friday. Stay tuned…..
GMI flashes Buy but I remain cautious
Until the QQQ short term trend turns up, I remain on the sidelines.
Correction to GMI count
The GMI count was 3 at last Thursday’s close, not 4 as I had posted. The GMI closed at 4 on Monday and another up day on Tuesday will trigger a GMI Buy signal. Check out yesterday’s GMI table for the accurate count. Sorry for the confusion. IBD still sees the market in a correction.