Time to be in cash in my trading accounts. IndicatorsGMI: 2/6GMI-2: 3/8T2108: 32%
I am in cash in my trading accounts. With the GMI at 1, there is no reason to hold long positions. Note that the QQQ has now closed below its 10 week average, but the Spy is still above it. With the T2108 indicator at 58%, the mar...
SPY and DIA are hugging their 50 day averages (green dotted line). Close of SPY below 234.39 (205.79 for DIA) could spell trouble. IndicatorsGMI: 4/6GMI-2: 5/8T2108: 48%
A flat or down day would bring the end of the QQQ short term up-trend. The DIA and SPY closed below their 50 day averages. In spite of this weakness, recent GLB, MZOR continues to climb. IndicatorsGMI: 3/6GMI-2: 4/8T2108: 46%
Will this bounce back hold? Note the lower volume on Monday for the QQQ. And the SPY. IndicatorsGMI: 1/6GMI-2: 4/8T2108: 47%