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.

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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 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.

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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.

Day 19 of $QQQ short term up-trend, could end on Thursday; 13 of 24 stocks that reached an ATH were Oil & Gas related, see list. PSX had GLB at 190.61 on July 13 and subsequent Blue Dot bounces, see chart.

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Here is where traders could have prospered the past few weeks. As semiconductors did before them, these stocks have dominated the list of stocks at ATHs. If you did not trade any of them them you might want to rethink your stock selection rules. Seven of them are two times or more their yearly lows, shown in the last column.

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Come to my online presentation at the MoneyShow on October 20 and learn how to spot GLBs and Blue Dot oversold bounces.  Here is the link to the free registration. If you cannot attend, you can get the free recording.

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