Month: December 2013

$AAPL to set the tone on Monday; $SLXP looks interesting: $NVAX keeps soaring

@ 6:30 am
GMI6/6
GMI-28/9
T210853%

I bought more AAPL on Friday because the stock is in an up-trend and found support again at its 30 day average.   With the announcement Sunday night of the long expected deal between AAPL and China Mobile, I suspect the QQQ and other tech stocks will rally strongly. (With end of quarter window dressing in play, the strongest stocks should rally anyway.)   Note the two recent times that   AAPL has found support at its 30 day average. I suspect AAPL could next approach the upper Bollinger Band, around $570.

AAPL12222013

Another up-trending stock I noticed that has bounced off of support is SLXP.   It broke out above its green line top (all time high) with huge volume and has now consolidated and found support at its 30 day average. It may have begun a BB expansion on Friday. I may buy some SLXP Monday, with a sell stop around $84.59.

SLXP

Meanwhile, somebody is buying NVAX. Look at the huge up volume (black) spikes.

NVAX12222013Here is the GMI table.   All of my indicators are positive.

Screen shot 2013-12-22 at 10.48.04 PM

 

48th day of QQQ short term up-trend; added more $TQQQ; $ARMH breaks out

@ 6:39 am
GMI6/6
GMI-27/9
T210846%

Onward to end of quarter window dressing!   Strong stocks the past year will be scooped up by mutual funds to look good in their final reports for the year. The GMI is back to 6 (of 6).

QQQ bounced up off of support.   I added to my holdings of $TQQQ early on Wednesday when the QQQ touched its lower 15,2 Bollinger Band. If TQQQ (same chart pattern as QQQ) hadn’t held after the Fed report, I would have sold the new shares and taken a small loss. TQQQ ended up rising   +3.45% on Wednesday! Now let’s see if it can break above its upper Bollinger Band (around 116.97).

TQQQ12182013

I also added some ARMH.   This weekly chart shows ARMH has retaken its green line.

ARMHweekly12182013