IBD says market in up-trend; GMI: 3


According to IBD, the market correction is over.   However, while the GMI2 rose to 5, the GMI remains at 3 (of 6).   By my definition, the QQQ is still in a short term down-trend.   The QQQ must show more strength for the GMI to signal a buy signal.   For now, I have a very small short position in the QQQ and GLD.

Leave a Reply

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