GMI stays at 2, QQQ short term up-trend holds


Wednesday was the 74th day of the current QQQ short term up-trend and is inconsistent with the GMI sell signal flashed on Tuesday.   IBD still says the market is in a correction. It will take a few more days to discern the market’s true trend.   I remain in cash in my trading accounts and on the sidelines. I still own a few put options on GLD. It is of concern that AAPL did not rise with the market on Wednesday.   It has declined three days in a row. When the leaders do not charge ahead with the market, it can be a warning sign.

2 thoughts on “GMI stays at 2, QQQ short term up-trend holds”

  1. How do you use the GMI-2 or do you just use the GMI to make investment decisions? Your site is the most useful investment site on the internet! Thanks, Rich

Leave a Reply

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

%d bloggers like this: