GMI: 0; GMI-R: 0; Down-trend continues; 64th day of QQQQ down-trend; EBS strong; in cash or short

The GMI and GMI-R are both back to zero.  There were 8 new highs and 117 new lows in my universe of 4,000 stocks on Monday.  The QQQQ failed to break through resistance and Monday was the 64th day of the current QQQQ short term down-trend.  EBS shows amazing relative strength, hitting a new high and ending down only 0.25.  Best to remain in cash or short.

GMI: 0; GMI-R: 2; T2108: 25%; Up-trend coming?

The GMI remains at zero (of 6) and the more sensitive GMI-R at 2 (of 10).  Friday was the 62nd day of the current QQQQ short term down-trend. The Worden T2108 is now at 25%, out of bottom territory, and the highest reading since September 22nd.  There were 12 new highs and 21 new lows in my universe of 4,000 stocks on Friday.  The last time we had so few new lows was August 28.  82% of the Nasd...

GMI: 0; GMI-R: 2; 62nd day of QQQQ short term down-trend; T2108: 21%; Some possible rockets

The GMI remains at zero (of 6) and the more sensitive GMI-R rose to 2 (of 10).  There were only 11 new highs and 57 new lows in my universe of 4,000 stocks on Wednesday.  The QQQQ is approaching a very critical resistance level.  We will know in a few days whether the QQQQ can break out and whether a new short term up-trend is beginning.  It is important to wait for the signal rather than to an...

GMI: 0; GMI-R: 1; 61st day of QQQQ short term down-trend; EBS

No changes in my general market indicators.  There were 5 new highs and 91 new lows in my universe of 4,000 stocks on Tuesday.  EBS, which I wrote about weeks ago, continues to do well. ( I own a few shares of EBS and have written a call on them).  Otherwise, I am mainly in cash and a little short.

GMI: 0; GMI-R: 1; T2108: 11%; 60th day of QQQQ short term down-trend

The GMI remains at zero (of 6), but the more sensitive GMI-R rose to 1 (of 6).  I do not typically identify a tradeable up-trend until the GMI is at least 3, and this market is still a long way from a real up-trend signal.  Monday was the 60th day of the current short term down-trend in the QQQQ. There were 3 new highs and 99 new lows in my universe of 4,000 stocks on Monday.

GMI: 0; GMI-R: 0; S&P500 double top or market bottom?

The GMI and GMI-R remain at zero.  There were 21 new highs and 1835 new lows in my universe of 4,000 stocks on Friday.  The number of new lows was down from 2185 on Thursday.  The Worden T2108 Indicator rebounded from 5% to 7%, and is still in what used to be indicative of an imminent bottom.  Friday was the 59th trading day (D-59) since I identified the beginning of the current short term down...

GMI: 0; GMI-R: 0; T2108: 5%; In context of market history, current decline minuscule

My General Market Indicators (GMI, GMI-R)  remain at zero.  There were only 23 new highs and 2185 new lows in my universe of 4,000 stocks on Thursday.  On October 10, there were 2832 new lows, so this decline has not eclipsed the number of new lows set at the October low.  The Worden Indicator is back to 5%, a level where prior bottoms occurred.  On October 10, it ...

GMI: 0; GMI-R: 0; T2108: 5%; In context of market history, current decline minuscule

My General Market Indicators (GMI, GMI-R)  remain at zero.  There were only 23 new highs and 2185 new lows in my universe of 4,000 stocks on Thursday.  On October 10, there were 2832 new lows, so this decline has not eclipsed the number of new lows set at the October low.  The Worden Indicator is back to 5%, a level where prior bottoms occurred.  On October 10, it was at 1%.  Since 1986, the le...

GMI: 0; GMI-R: 0; 1,375 new lows; T2108: 7%; Safe in cash and a little short

My General Market Indicators remain at zero and my other technicals are going back to extreme low levels again.  There were 11 new highs and 1,375 new lows  in my universe of 4,000 stocks on Wednesday.  This decline is beginning to look like the post crash period of 1929. The crash broke the up-trend and then the real slow multi-year decline began.  The longer this decline persists the more it ...

GMI: 0; GMI-R: 0; 1,375 new lows; T2108: 7%; Safe in cash and a little short

My General Market Indicators remain at zero and my other technicals are going back to extreme low levels again.  There were 11 new highs and 1,375 new lows  in my universe of 4,000 stocks on Wednesday.  This decline is beginning to look like the post crash period of 1929. The crash broke the up-trend and then the real slow multi-year decline began.  The longer this decli...