GMI: 1; GMI-R: 3; 5th day of QQQQ short term up-trend; short and long positions

The GMI remains at 1 and the GMI-R at 3.  There were 15 new highs and 83 new lows in my universe of 4,000 stocks on Friday.  RICK failed to hold its break-out.  The QQQQ completed the 5th day of its current short term up-trend. With mutual fund window dressing over with the end of the first quarter, it will be critical to see whether the QQQQ can hold its 30 day average on Tuesday.    I remain manily in cash with a small long position hedged by a small short position.

1 thought on “GMI: 1; GMI-R: 3; 5th day of QQQQ short term up-trend; short and long positions”

  1. Hey, Dr Wish, nice new blog site. I read you blog regularly and quite liked the understated professional quality of your previous blog but this is definitiely more out there!

    Keep up the great posts!

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