General Market Index (GMI) table

Blog: Day 1 of new $QQQ short term up-trend; All GMI components are positive. Short and longer term trends are up. But Mag7 stocks are weak, see daily Guppy chart of MAGS.

@ 8:55 pm
GMI6/6
GMI-27/9
T210850%

I am back from a short trip. During that time the QQQ short term up-trend ended after 43 days, then began a 2 day down-trend and then started a new up-trend on Friday.  As difficult as it is for me to accept, my instruments are strongly positive. I fly by instrument. It is time to be invested long and I may buy a little TQQQ. By the way, the Mag 7 stocks do not look strong. Their daily RWB up-trend is over, see chart.

Here is the GMI table.

Screenshot

The MAGS no longer has a daily RWB up-trend. The ETF closed below all of the 12 daily averages.

 

Blog: Day 36 of QQQ short term up-trend; I am amazed how strongly advancing stocks and ETFs may track along their 5 day exponential moving average, see daily charts of QQQ and DELL.

@ 10:08 pm
GMI5/6
GMI-27/9
T210846%

One can design steups for trading based on the 5 day EMA. The 5 day EMA> 21 day EMA > 30 day SMA and ? Look at this chart and create your rules. I may look for bounces up off of the rising 5DEMA. See these daily charts of  QQQ and DELL.

Screenshot
Screenshot

The GMI remains GREEN and is  at 5 (of 6).