Day 3 of $QQQ short term down-trend; GMI=1 and RED! Cash is king. Learn my key setups and be ready for when the markets strengthen. See Charts of HALO and BOX, both at ATHs. Register for MoneyShow here.

@ 5:14 pm
GMI1/6
GMI-21/9
T210830%

I will be talking about my GLB and Blue Dot setups on Monday afternnon at 1:05 on the online MoneyShow. I will make some exciting announcements. To register for free go here. Ignore the accredited investor check off. You don’t have to be one to attend and you can just say you are one. I have verified this with the program managers. If you register you can get the recording even if you cannot attend. Many people have asked to take my university class. You will learn how to obtain the chart setups I gave to my students.

Take a look at these charts of HALO and BOX. I am always looking for stocks reaching an ATH.

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Day 2 of $QQQ short term down-trend and GMI=2 and likely to register RED by Monday’ s close. Preparing for MoneyShow presentation on Tuesday at 1:05, get link to register free. I will make important announcements and share an new analysis of GLBs that I find unexpected and very exciting.

@ 9:17 pm
GMI2/6
GMI-23/9
T210830%

There were 28 stocks at an ATH on Friday. Seven were oil & gas related and 5 were in insurance. Both V and MA were on the list, having recently had a GLB.  Rising interest rates benefit credit cards. QQQ had a high volume decline and the modified daily Guppy chart shows that the RWB up-trend is over. QQQ closed below all 12 of the moving averages, see dotted line. This is the time for me to be in cash in my trading account and to concentrate on preparing my 30 minute presentation for the MoneyShow on Tuesday. Then I will show you how I trade GLBs and analyse their performance. Registration is free and once you register you can get the recording if you cannot attend on Monday at 1:05 PM. Being an accredited investor is not required to attend.

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The GMI will likely turn RED by Monday’s close. Note frrom this table that the weekly stochastic is down -16 and well below 80. QQQ and SPY have now closed below their 10 week averages. My trading account is on the sidelines now but I will consider buying some GLBs when they occur. If the GMI reaches zero I will consider moving retirement investments to cash.

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Day 1 of new $QQQ short term down-trend but about 40% end before day 5; More U.S. new highs than lows (104/77) and 33 at ATH. 63% of Nasdaq100 stocks rose. Oil & Gas (6) and Insurance (5) had most ATHs. EBAY had a GLB on above average volume, see weekly chart. MoneyShow on 10/20, see link.

@ 8:54 pm
GMI3/6
GMI-22/9
T210831%
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Register to see my presentation at the MoneyShow. You do not have to be an “accredited investor.” Get the free recording.