Dr. Wish

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.

Screenshot

Blog post: Day 1 of $QQQ short term up-trend; Livermore liked to buy a stock if other companies in the same industry were also showing strength; On Tuesday, 17 of 113 stocks at ATHs were from the Aerospace and Defense industries, more than any other industry, see list and 3X ETF, $DFEN.

@ 10:51 pm
GMI5/6
GMI-25/9
T210857%

The big money thinks this is the place to be. I use TC2000 to sort stocks at an ATH by industry. (Use the coupon on this blog to get TC2000.) Rather than choosing one of these stocks I bought the 3x ETF, $DFEN, see the daily chart below.

Screenshot

Note the recent green line break-out, GLB, to an all-time high, ATH,  on high volume. DFEN is almost 3x its price from a year ago.

Screenshot