General Market Index (GMI) table

Blog post: Day 14 of $QQQ short term up-trend but GMI=4, huge event risk, end of quarter window dressing–cash is king; Will $AAPL hold green line?

@ 9:05 pm
GMI4/6
GMI-24/9
T210839%

I am very cautious with the GMI falling to 4 (of 6) and with the current huge event risk: September/October seasonal weakness, a likely fight over raising the debt limit and possible Fed tapering. One positive element  for me is possible mutual fund window dressing the last week of September (end of 3rd quarter)  when strong stocks get bought up by funds trying to spruce up their quarterly reports. We shall see. I think the best position now may be cash. AAPL had a rough day Friday and needs to hold its green line. A failed GLB would be a bad sign for the general market indexes.

 

 

Blog post: Day 5 of $QQQ short term up-trend; GLB–$NAVI; beware September

@ 9:46 pm
GMI6/6
GMI-27/9
T210852%

Daily chart shows that NAVI broke above its green line top on above average volume on Friday. It is 2.6 times its price a year ago.

Monthly chart shows that NAVI peaked and formed a green line top  in December, 2014.

Weekly chart shows that NAVI has closed above its 10 week average (blue dotted line) since December 2020. It is a consistent yellow band stock with its 4wk>10wk>30wk averages.

The GMI is at 6 (of 6) and Green. I am still concerned that September could fulfill its reputation as the  worst month for the market. Check out my TraderLion conference presentation listed on the topics/webinars  tab at the top of this blog page.