General Market Index (GMI) table

All GMI components are positive; Betting on Star Wars–$IMAX, $HAS, $EA

@ 10:43 pm
GMI6/6
GMI-28/9
T210846%

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.

IMAXGMMA06212015HASGMMA06212015EAGMMA06212015

 

 

Market on the edge; watching $LOGM and $SYNA

@ 10:38 pm
GMI6/6
GMI-23/9
T210840%

The $QQQ short term up-trend could reverse down Monday with a weak day–after only 2 days of an up-trend! The prior short term down-trend lasted only 3 days.   This is a schizoid market. The GMI is at 6 (of 6) but the more sensitive GMI2 is at 3 (of 8).   This week may tell the story of whether we will have the June swoon. I have reduced my long positions in my trading accounts. I remain a chicken…..

GMI06122015But I am always looking for strong stocks in case the market strengthens. I am keeping an eye on LOGM, which may have finished consolidating Friday after its big gap up on 4/29. LOGM is another stock that Judy has talked to me about.

LOGM05142015SYNA is another stock I am watching after its recent green line break-out to an all-time high.

SYNA06142015

 

 

19th day of $QQQ short term up-trend; $CYBR may break-out, $HACK has

@ 9:55 pm
GMI5/6
GMI-25/9
T210837%

I am very interested in stocks that come public, form a base and then break to new highs. CYBR is getting close to breaking out. It is close to a green line break-out. It may even be completing a cup and handle base, as seen in this weekly chart. With so many hacking events hitting the news, it may mean good business for cyber-security firms. Judy has been talking about CYBR for some time.

CYBR05052015As an alternative to single stocks, there is a new ETF for cyber-security firms, HACK. HACK had a strong week last week.

HACK06052015

The GMI remains strong and the longer term up-trend remains intact. But note that the SPY has closed below its 10 week average. Tech stocks are outperforming. Will SPY or QQQ lead the market?

GMI06052015