Blog Post: Day 1 of new $QQQ short term up-trend; GMI=5 (of 6), see GMI Table; Daily XAVG 5 is the indicator of rockets, see $SMCI in 2024 and $SLV in 2025 as examples.

@ 9:15 pm
GMI5/6
GMI-27/9
T210861%

I have found that the 5 day exponential moving average, XAVG 5, is an excellent indicator of a climbing rocket. I I scan for stocks with a a recent GLB (green line break-out at an ATH)  that are riding their XAVG 5 (purple dotted line) higher. Study these examples of SMCI  and SLV and then examine how your other strong stocks have behaved with respect to this indicator. Question to ponder: Why do some stocks track a moving average so closely for long periods? Are there so many persons trading off of the same average?

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The GMI is still GREEN.

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Blog Post: Day 9 of $QQQ short term up-trend; Tariff war turbulence ahead; Silver, Gold and Cash are kings; Since its GLB on November 28, SLV has advanced +58%, see daily chart and my technical comments.

@ 11:40 pm
GMI5/6
GMI-24/9
T210865%

Note that SLV has closed above its 5EMA (blue dotted line) every day but 3 sinces its GLB to ATHs. Strongly advancing stocks tend to hold their daily 5EMA.  If I owned SLV I would place a stop loss just below the low of the day it closes below its 5EMA. I might also buy a bounce up off of the 5EMA, as occurred last Friday.

The GMI remains GREEN but note that the more sensitive GMI2 is weaker.

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