GMI: +6; Market analysis still suspended

The market strengthened considerably Tuesday.  Normally, I would wait one more day for my daily indicators to turn positive. Gmi906_1  But the rise was so consistent across my indicators that I am taking a chance on calling a turn. So the GMI is now at +6.  Tuesday was day 1 of the new up-trend (U-1) in the QQQQ. 36% of the 4,000 stocks in my universe are in a short term up-trend and 62% are above their 10 week averages.  31% of stocks are within 5 percent of their 52 week highs and there were 296 new highs Tuesday. There were more than 100 new highs in each of the past five trading sessions.  51% of stocks closed above their 30 day averages, the highest percentage since August 15. On Tuesday, 88% of the Nasdaq 100 and S&P 500 stocks advanced, along with 93% of the Dow 30 stocks.

1 thought on “GMI: +6; Market analysis still suspended”

  1. Hello Eric,

    I have not heard from you since I send you the information for your yohoo group. I hope you consider this invitation because my students are encouraging me to speak to all of these individuals.

    Those that have graduated from my program are pleased with their progress. I am sure if you consider my program, you will agree after you too have completed the program.

    There was a woman who came to the program that brought a computer to show charts. I think she has potential for my program as do you. I hope both of you attend the end of the month, two hour presentation.

    Please send out the information as I had requested. I still have not received any input from the information that I send you.

    Wishing you wealth,

    Frank Reger 301-262-0083

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