GMI: 4; GMI-R: 8; 24th day of QQQQ short term up-trend

The GMI remains at 4 (of 6) and the GMI-R rose one, to 8 (of 10). Friday was the 24th day of the current QQQQ short term up-trend. Gmi0425  The Worden  T2108 Indicator is now at  74%, so the market pendulum is in high territory but can remain here for months.  The general market trend is up, with the dollar gaining strength and gold weakening.  I just found a new ETF, UUP,  that one can use to go long the dollar.
I already own DZZ, the ultra short ETF for gold.  All of my short term indicators for four key index ETF’s are now positive.  Stocks I own or continue to watch include:  URBN, ITRI, CPST, AAPL, RIMM and PRGO.

Leave a Reply

This site uses Akismet to reduce spam. Learn how your comment data is processed.