It was great to see many of you at Saturday’s AAII workshop. Friday was 47th day of current $QQQ short term up-trend. IBD still sees “uptrend under pressure.”
This weekly chart shows that QQQ remains in a strong Stage 2 up-trend, however. Click on chart to enlarge.
1 thought on “GMI still on buy signal from April 22”
The QQQ Daily 12/26/9 MACD Histogram was -0.09 (Thursday) and -0.06 (Friday). If I understand your criteria, then a rising MACD Histogram (factor 7) would be YES over 2 days and the GMI-2 would be 7. How do you interpret factor 7?
Thanks in advance for your comments.