The GMI and GMI-R are both 1. These indicators have kept me out of a major decline again. I started going to cash and short around June 10. (Check out my posts from June 10th on.) I hope my readers also have fared as well. I own QID and some calls on it. It is so nice to have my account balances go up when the market falls! The key is to wait for a real up-turn before reversing course again.
GMI: 2; GMI-R: 2; QQQQ trends remain down
The GMI and GMI-R are each 2. QQQQ daily and weekly trends remain down. Time to be short or in cash.
GMI: 1; GMI-R: 1; 425 new lows; daily and weekly QQQQ trends down
The GMI and GMI-R are each 1. There were 51 new highs and 425 new lows in my universe of 4,000 stocks on Tuesday. Only 16% of the Nasdaq 100 stocks closed above their 30 day averages, the lowest percentage since March 10. The Worden T2108 indicator is now at 19%, getting close to bottom area. After 4 down days, the QQQQ will most likely bounce on Wednesday. This may be an opportunity to short the market (or buy QID) at higher levels. The daily and weekly trends of the QQQQ are now down.