IndicatorsGMI: 0/6GMI-2: 3/8T2108: 5% [Read More...]

IndicatorsGMI: 0/6GMI-2: 4/8T2108: 4%People need a way to sign papers from a distance digitally. Note the recent retest of its GLB. [Read More...]

IndicatorsGMI: 0/6GMI-2: 4/8T2108: 5%Will low of 3/23 hold or was the first decline just a prelude? Note that the QQQ was approaching resistance at the 30 day average (red line) and the upper daily 15.2 Bollinger band. [Read More...]

IndicatorsGMI: 0/6GMI-2: 4/8T2108: 5% [Read More...]

IndicatorsGMI: 0/6GMI-2: 3/8T2108: 4% [Read More...]

IndicatorsGMI: 0/6GMI-2: 0/8T2108: 3% [Read More...]

IndicatorsGMI: 0/6GMI-2: 1/8T2108: 2%The October 1929 crash looks huge until you see it in the context of the rest of the decline. Still want to guess the bottom? [Read More...]

IndicatorsGMI: 0/6GMI-2: 0/8T2108: 2%Below is a segment of the spreadsheet I update every day after the market closes. One of the GMI indicators (table below) uses the Successful New High indicator, which measures the percentage of stocks that hit a new high 10 days ago that closed higher now than they did 10  days ago. Nicolas Darvas had said that when the stocks that he was buying at new 52 week highs started to falter it told him to exit the market. That is why I calculate the Successful New High indicator each market day. I also calculate a Successful New Low indicator which measures the percentage of stocks that hit a new low 10 days ago that closed lower today. These two indicators are the first two in the spreadsheet … [Read More...]

IndicatorsGMI: 0/6GMI-2: 1/8T2108: 3%Note how my modified GMMA charts clearly show the change in trend. How comfortable it is to invest in stocks and markets in daily RWB up-trends. Both AAPL and QQQ are in daily BWR down-trends. [Read More...]

IndicatorsGMI: 0/6GMI-2: 0/8T2108: 3%A huge multi-month steep decline breaks investors’ euphoria and  bullish psychology. For prices to rise and stay up people must be optimistic enough about the future to buy and hold stocks. It takes years of a rising market to bring most people back in. It took 2 years after the 2008 decline (see weekly chart) for the market to recoup its losses and even then people doubted the recovery for years. It took 26 years after the 1929-33 decline. Note the retest of the bottom in 2009 before QQQ finally moved up.  The boomers, who hold most of the wealth,  will stay away from the market for years as they remain haunted by the debacle of 2020. [Read More...]

IndicatorsGMI: 0/6GMI-2: 1/8T2108: 3%When I put this decline in context, it seems quite small thus far. Check out this monthly chart of the SPY. Compare the current decline to that in 2008. Note we have not had similar huge volume declines. I suspect a bottom will occur only after we have had a huge selling climax. [Read More...]

IndicatorsGMI: 0/6GMI-2: 1/8T2108: 2% [Read More...]