IndicatorsGMI: 6/6GMI-2: 7/8T2108: 70%So many media pundits are claiming that the market is too extended and overbought. Ignore the gossip. The truth is no one knows when an up-trend will end until after it has ended. That is what trend followers try to discern. We hop on, after a defined bottom, and off, after a defined top. I like to use my adapted GMMA weekly charts to tell me when a major trend has changed. My modified weekly GMMA has 12 exponential weekly moving  averages plus  a one period average which indicates each weekly close. The six shorter term averages are red and the the six longer averages are blue. The 13th one period average is a gray dotted line. All averages are drawn on a white … [Read More...]

IndicatorsGMI: 5/6GMI-2: 7/8T2108: 65%Monthly chart: [Read More...]

IndicatorsGMI: 5/6GMI-2: 7/8T2108: 63% [Read More...]

IndicatorsGMI: 5/6GMI-2: 7/8T2108: 61%Weekly chart: [Read More...]

IndicatorsGMI: 5/6GMI-2: 7/8T2108: 60%In view of current events, I bought a little $DFEN which had a recent GLB. Below is monthly chart. [Read More...]

IndicatorsGMI: 5/6GMI-2: 7/8T2108: 64% [Read More...]

IndicatorsGMI: 5/6GMI-2: 7/8T2108: 66%Although AMD has been rising since it bottomed 2015, it is noteworthy that AMD had a GLB (green line break-out) on Thursday when it exceeded its all-time high of 48.50 reached in June of 2000 near the top of the internet bull market. People who bought AMD at the top in 2000 had to wait a long time to get their investment back, after some stomach churning declines! Here are AMD’s  daily and monthly charts. [Read More...]

IndicatorsGMI: 6/6GMI-2: 7/8T2108: 66%Since the first day of the QQQ short term up-trend on October 14, QQQ has advanced +11.3%, SPY is up +8.8%, and TQQQ is up +36.3%. AAPL is up +24.5%. Only 4 of the NASADQ 100 stocks did better than TQQQ:  TSLA, AMD, SWKS and SGEN. I assert it is a better bet to buy TQQQ in a new QQQ short term up-trend rather than trying to pick in advance the rare individual stock that will outperform TQQQ. [Read More...]