IndicatorsGMI: 6/6GMI-2: 7/8T2108: 58%In a few days, the November issue of the magazine Technical Analysis of Stocks and Commodities will publish a long interview with me about my trading roots, strategies, and the college courses I teach. I hope you find it useful. AAPL finds support at its green line break-out (GLB). I [Read More...]
GMI turns Green; 3rd day of $QQQ short term up-trend; $TECD another successful GLB
IndicatorsGMI: 4/6GMI-2: 7/8T2108: 54% [Read More...]
GMI rises to 5 (of 6), could turn Green Wednesday; $RETA soars one day after GLB
IndicatorsGMI: 5/6GMI-2: 7/8T2108: 54%Last March I set an alert in TC2000 to tell me when/if RETA had a green line break-out (GLB). The alert triggered on Monday, one day before its 57% gain. [Read More...]
Day 1 of new $QQQ short term up-trend; earnings are upon us
IndicatorsGMI: 2/6GMI-2: 6/8T2108: 49%I might buy a little TQQQ, but I wait for a new short term trend to last 5 days before I trust it. Note that QQQ is up against its top 15.2 daily Bollinger band. [Read More...]
9th day of $QQQ short term down-trend but growth stocks moving up $RH, $AAPL
IndicatorsGMI: 1/6GMI-2: 5/8T2108: 42%Recent GLB, RH moving up after retesting recent GLB. AAPL heading toward green line, ATH. [Read More...]
8th day of $QQQ short term down-trend; $DOCU approaching green line ATH, will it break through?
IndicatorsGMI: 1/6GMI-2: 2/8T2108: 37% [Read More...]
7th day of $QQQ short term down-trend
IndicatorsGMI: 0/6GMI-2: 2/8T2108: 34% [Read More...]
6th day of $QQQ short term down-trend; $RH successful GLB re-test and green dot
IndicatorsGMI: 1/6GMI-2: 5/8T2108: 46% [Read More...]
4th day of $QQQ short term down-trend; $IWM (Russell 2000) entering daily BWR down-trend
IndicatorsGMI: 0/6GMI-2: 1/8T2108: 41% [Read More...]
3rd day of $QQQ short term down-trend; GMI=0
IndicatorsGMI: 0/6GMI-2: 1/8T2108: 39%SPY looks very weak. Will it form an ominous daily BWR pattern? [Read More...]
GMI flashes Red; 2nd day of $QQQ short term down-trend; buying $SQQQ
IndicatorsGMI: 1/6GMI-2: 2/8T2108: 51%Twice as many new lows than new highs. Time to be short or out in my trading accounts. QQQ closed below (dotted line) all 12 averages. [Read More...]
GMI falls to 2, new $QQQ short term down-trend but QQQ has green dot signal.
IndicatorsGMI: 2/6GMI-2: 3/8T2108: 64%It is too early to tell whether the new down-trend is tradable. Tomorrow’s action will tell whether the GMI flashes a Red signal. Note that the QQQ, DIA and the SPY had green dot signals. Is this a cup with handle? Go figure……… [Read More...]
Feared October is upon us
IndicatorsGMI: 3/6GMI-2: 1/8T2108: 61%I have seen a lot of markets fall in October and sometimes form major bottoms. The current market has been extremely difficult to trade with all of its gyrations. I am almost totally in cash in my trading accounts. The GMI signal could turn Red with a few weak days next week. My short term trend for the QQQ might turn down Monday. The QQQ is weaker than the SPY and DIA and is now below its critical 10 week average. This is the time to be on the sidelines and to wait for a definitive trend to develop. [Read More...]