GMI rises to 4; market trend?


The GMI came back from 2 as the market rallied on Wednesday.   The QQQ completed the second day of a short term down-trend, but could reverse up again on Thursday, with another advance. IBD continues to call the market in a correction and bearish sentiment is still too low for a major new advance.   We might get a better idea of the trend after Friday’s option expiration. Time for me to watch from the sidelines.

2 thoughts on “GMI rises to 4; market trend?”

  1. Hello Dr. Wish,

    I know you use the Stochastics readings to enter into stocks. Do you also use it to enter into Market ETFs?


  2. I didn’t realize that you had a problem with your blog. I’m glad that it is working again. Would you please post the GMI and GMI2 indicators for 5/13, 5/16 and 5/17? Thanks in advance.

Leave a Reply

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