IndicatorsGMI: 6/6GMI-2: 5/8T2108: 60% [Read More...]
Daily RWB up-trend over for DIA; 58th day of $QQQ short term up-trend
IndicatorsGMI: 4/6GMI-2: 4/8T2108: 55% [Read More...]
GMI at 3, $DIA and $SPY have closed below their critical 30 week averages; in cash and short and $GLD;
IndicatorsGMI: 3/6GMI-2: 4/8T2108: 40%I successfully avoided the 2000 and 2008 market debacles by getting out when the major indexes closed below their declining 30 week averages. Such a pattern could indicate the beginning of a Weinstein Stage IV decline. The DIA and SPY have now closed below their declining 30 week averages. Here is DIA in 2007-8 top. And QQQ in 2000. The QQQ is the strongest of the 3 index ETFs and is still above its rising 30 week average. If it closes back below its green line, it would be a sign of a failed GLB and major technical weakness. I am too near retirement and therefore a chicken. So I pulled all of my money out of the market on Friday. It is nice to be on the sidelines. When my indicators … [Read More...]
56th day of $QQQ short term up-trend; $QQQ still holding critical 4 wk average; will recent GLB fail?
IndicatorsGMI: 5/6GMI-2: 5/8T2108: 52%Weekly chart, 4 wk avg= pink dotted line. Close Friday below 241 would be sign of weakness. Any close below green line (237.47) would be a failed GLB. [Read More...]
$DIA entering Weinstein Stage IV decline? If so, re-test of March lows coming?
IndicatorsGMI: 4/6GMI-2: 6/8T2108: 48%I don’t want to scare anyone but the DIA may be entering a Stage IV decline. This is the type of signal that will get me into 100% cash in all of my accounts and saved me from the major declines in 2008 and 2000. Failure of the DIA to hold its 30 week average (solid red line) will be a significant sign of weakness. See weekly chart below. Note declining 30 week average. Friday’s close will be very important to me. [Read More...]
54th day of $QQQ short term up-trend, hourly chart shows above average selling last hour Tuesday
IndicatorsGMI: 6/6GMI-2: 7/8T2108: 67% [Read More...]
GMI remains at 5 (of 6) and Green, 52nd day of $QQQ short term up-trend
IndicatorsGMI: 5/6GMI-2: 7/8T2108: 69%Will not be posting again until Monday night. [Read More...]
$QQQ $DIA $SPY all had green dot signals on Wednesday; 51st day of $QQQ short term up-trend
IndicatorsGMI: 5/6GMI-2: 7/8T2108: 75% [Read More...]
$CHWY, my pet stock, may be gaining strength after re-test of GLB, and in daily RWB up-trend
IndicatorsGMI: 5/6GMI-2: 7/8T2108: 77% [Read More...]
Recent IPO $GSX had GLB this week, breaks from base; “monster stock” see tweet– @markminervini
IndicatorsGMI: 5/6GMI-2: 5/8T2108: 83%Stock up 5x, weekly chart. [Read More...]
$QQQ retakes green line, 48th day of QQQ short term up-trend; buying $TQQQ; My TC2000 club removed
IndicatorsGMI: 4/6GMI-2: 4/8T2108: 77%I had to exit SQQQ and buy TQQQ on Monday. This is a small risk transaction because if QQQ closes back below its green line I will exit with a small loss. I must trade by my rules, not according to the news, opinions or a story. I am content to be long with QQQ above its 30 day average (solid red line). I learned today that TC2000 has ended clubs. This is because their new software version allows sharing ideas with a link. I will do so in the future. I will post a link to the video showing how to add the green dot signal to one’s charts. [Read More...]
$QQQ has a failed GLB; I always sell a stock when it closes back below its green line. $QQQ did so yesterday. Today’s close is very important.
IndicatorsGMI: 4/6GMI-2: 4/8T2108: 69% [Read More...]