The July 30 buy signal has ended. The GMI closed below 3 for two consecutive days, the criterion for a sell signal. This means that I will be short or in cash in my trading accounts. Thursday was the 4th day of the new QQQ short term down-trend. My university pension will remain invested in mutual funds for now.
GMI falls to 2; “Market in correction”
Wednesday was the 3rd day of the new QQQ short term down-trend. If the GMI remains below 3 on Thursday, it will flash a sell signal. The T2108 is at 52%, a long way from oversold territory. IBD sees market in correction
GMI declines to 3
Tuesday was the 2nd day of the new QQQ short term down-trend. I am in cash in my margin account.