The GMI remains at 6. Usually the trend continues for a while after it reaches the 5th day. I am looking for stocks to buy.
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4th day of QQQ short term up-trend
GMI is at 6 and this rally may have staying power.
GMI rises to 3; new QQQ short term up-trend
While IBD continues to label the market in a correction, my short term trend indicator for the QQQ turned up. I do not trust a change in trend until it lasts 5 days. Stay tuned.