GMI issues Sell signal. I am mainly in cash.
Stock Market Technical Indicators & Analysis
GMI issues Sell signal. I am mainly in cash.
One more weak day will turn the GMI to a Sell signal. The QQQ is already in a short term down-trend. Time to be very defensive.
A lot of rocket stocks bounced from oversold support on Monday. This may be a playable bounce.
For example, TFX, which I bought on Monday, has bounced from 1ts 15.2 lower Bollinger Band and retaken its 30 day average. I call this a low risk set-up. If the bounce fails to hold I exit and take a small quick loss. Note that TFX is above its recent green line top.