MNST confirmed nice relative strength by rising by means of Tuesday’s weak market. Indicators GMI: 6/6 GMI-2: eight/eight T2108: 44% SOURCE: Wishing Wealth Blog – Read whole story here.
The QQQ short term up-trend held on Friday. However, the GMI has turned Red. I revised Thursday’s GMI to 2, once I found that its IBD mutual fund element had turned damaging. With Friday’s GMI studying of two, it triggered a Red sign. In current years, a GMI of Red has typically occurred briefly on […]
With quite a bit of tech shares falling and the GMI probably to flip Red on Friday, I ought to word that, in accordance to IBD, the put/name ratio = 1.04. Just a little extra bearishness from choice merchants might signify a possible oversold bounce. So whereas I’m primarily in money and short the QQQ […]