$QQQ has a failed GLB; I always sell a stock when it closes back below its green line. $QQQ did so yesterday. Today’s close is very important.

@ 8:53 am
GMI4/6
GMI-24/9
T210869%

5 thoughts on “$QQQ has a failed GLB; I always sell a stock when it closes back below its green line. $QQQ did so yesterday. Today’s close is very important.”

  1. Dr. Wish,

    So did you liquidate all of your positions?

    I think it is really odd to recommend selling an index after 1 bad day, when the index is still way above its 10 week average, near all time highs, and in the beginning of a RWB uptrend.

    GMI etc is still fine as well.

    What happens remains to be seen but I am staying out for now.

  3. I wonder about the efficacy of the glb to gauge the behavior of an etf as opposed to an individual stock. I suppose we will see.

  4. Dear Prof Wish, GLB is an amazing rule, isn’t ! May I ask you, in order to check my understanding, what are, for you the last GLB for these two stocks : NEM and SHOP (NYSE). According to my understanding, these could be 67,61 and 64,94 for NEM and 825,17, 531,22 and 382,75 for SHOP. Am I correct ? Thank you so much ! Pierre (Belgium)

  5. Sorry, one more question if I can allow myself : what would be the last GLB for TDOC (I am questioning about your definition … I wonder about the highest value to take into account : do you only consider the “close” or also the “high” to identify a NH ? ). Grateful again, Pierre

Leave a Reply

This site uses Akismet to reduce spam. Learn how your comment data is processed.