I meant to post this table on Monday. By the way, Judy reminded me that she also likes DIS as a Star Wars play.
Month: June 2015
All GMI components are positive; Betting on Star Wars–$IMAX, $HAS, $EA
My stock buddy, Judy, has been talking to me about IMAX for years, but recently she urged me again to consider IMAX along with HAS and EA, all companies that might do well with the coming release of of the Star Wars movie in December. So I own all three companies. I am posting their weekly modified GMMA charts below to show they are all in RWB up-trends. I will hold all three until December, unless the market weakens greatly. IMAX and HAS are also above recent green line tops, at all-time highs. EA is heading towards its last green line top.
Dropping $QQQ short term trend count
You may have noticed that during the time my GMI based signal has been on a “Buy” since May 11, my short term trend indicator for the QQQ has triggered several buy and sell signals. These short term signals encouraged me to get out of the market or reduce my holdings in my trading accounts only to see the short term trend reverse back up after a few days. I have therefore decided to stop posting and heeding my short term trend indicator and to rely instead on my GMI signals. I will merely follow the longer term trends measured by the GMI components.