With the GMI and GMI-R at their maximum levels, growth stocks continue to rise. AAPL continues to rise, along with PCLN, RMD, GMCR, NFLX and CREE, all of which I own. As you know, I concentrate my trading in stocks at or near their all-time highs. I also like to see good earnings trends. Some of these stocks had recent quarterly earnings increases of 100% or more. The current short term up-trend in the QQQQ has now reached 14 days. During that time, the QQQQ has increased +5.2%, QLD by 10.6% and TYH by 11.1%. In the same period, only 15% of the Nasdaq 100 stocks (and 14% of the S&P 500 stocks) rose 10% or more. Again, we find that in an up-trend, one can beat most Nasdaq 100 stocks (and S&P 500 stocks) by simply buying the ultra long tech ETF’s, QLD and TYH.
Dr Wish, don’t you find it dangerous to hold the Ultra ETFs for longer than a day or two? Thanks
Eric, don’t you think US Steel (X) has just completed a CUP and HANDLE? I invested in X one month ago. Check it out