All Posts

Since January 9, the first day I initiated a QQQ short term up-trend count, the QQQ has advanced +13.6% while its triple leveraged ETF, TQQQ, has advanced +43.1%. Once again, I find that merely buying TQQQ when the QQQ short term trend turns up would have given me major gains and beaten most stocks. By the way, the longest QQQ short term up-trend count I have computed from 2006-2016 lasted 88 days and only 16% lasted 50 days or more.

WWE actually met two conditions for a bounce off of support. First, it found support at its lower 15.2 daily lower Bolinger Band and second, it had a green dot signal. Review my blog and glossary for definitions of these set-ups. In plain language, the stock, which is in an up-trend,  has just bounce off of support. If I buy such stocks I place my stop below the recent low  where it bounced (around 83.89 for WWE). Note the above average volume the past 3 up days when WWE found support.

I like to buy recent  IPOs (within last 4-5 years) that form a multi-month top and then break through on above average volume to an all-time high. In my jargon, they have had a GLB (green line break-out). I like getting into a newly public stock because it has a lot of room to gain as traders see the new highs and jump on board. By the way, I never hold a GLB that closes back below its green line, but I often will repurchase it if it closes back above its green line. In a future post I will tell you how I use TC2000 to find these gems. Below are a few examples of IPOs that have had a successful GLB.