3rd day of $QQQ short term down-trend; mainly in cash; $AHS–green line break-out!

GMI0/6
GMI-21/9
T210822%

Ten times more new lows than new highs on Wednesday. Patiently waiting mainly in cash.

One exception is my small position in AHS, a stock my stock buddy, Judy,   told me about some time ago. This daily chart shows It had a green line break-out on Wednesday. My students should have received an alert about AHS from my TC2000 program   intraday on Wednesday.

AHS09232015Here is its monthly chart. AHS just broke its 2002 peak exhibiting a lot of strength in a weak market! Let’s see if it can hold the green line.

AHSmonthly

If you want to understand my trading strategy, check out the   link to my free 2012 TC2000 user group presentation to the right of this page.

 

GMI back to 0 (of 6); Why I heed my General Market Indicator (GMI)

GMI0/6
GMI-23/9
T210830%

My QQQ short term trend indicator is back to a down-trend, after only 2 days of an up-trend. This indicator is focused on the very short term trend and is different from the GMI. I have said that I trust a change in my short term trend direction only after it lasts 5 days. Below are daily charts of the QQQ, colored according to the GMI Buy (green) and Sell (red) signals. While not perfect, the GMI gets me out of significant down-trends and back in during up-trends. Note that the GMI has been on a Sell signal since the market close on August 24. I am mainly in cash in all of my accounts. (Click on charts to enlarge.)

Redgreen09222015Redgreen2yrs09222015