GMI declines to 5, GMIR to 7.

You Are Here: Home > Articles > Commentary > GMI declines to 5, GMI-R to 7.

The short term trend of the market continues to weaken. The T2108 is at 82%, still near overbought territory. Only 53% of the Nasdaq 100 stocks closed with their MACD above its signal line, down from 95% 10 days ago. I have reduced some positions in my trading IRA as I wait for the next rally attempt. The QQQQ short term up-trend reached 20 days on Monday. I am waiting to see if options expiration or earnings release can drive the market higher.

by Dr. Wish (Wishing Wealth)

Back to top

You Are Here:Home > Articles > Commentary > GMI declines to 5, GMI-R to 7.

View the original article here