General Market Index (GMI) table

If you take a look at the GLB tracker table on this page you will see that stocks that closed above their green line (drawn at all time high not surpassed for at least 3 months) sometimes perform very well. I have no idea what percentage of GLB stocks continue to rise. If a stock closes back below its green line I exit immediately. Anyway, below are 18 stocks that had a GLB in the past 2-3 weeks that also had last quarterly earnings up at least +25%. I copied the last quarter’s earnings increase, taken from TC2000,  in the second column. These are stocks to watch (I own a few).

The GMI remains at 6 (of 6) and on day 43 (U-43) of the QQQ short term up-trend.

On Friday, GLD appeared to have had an above average volume move up,  closing above its 30 and 50 day averages. Green dots show reversals in daily 10.4 stochastics and 3 recent bounces off of a similar area of support. What is strength in gold telling us?

Perhaps the strength in GLD is reflecting resumption of the down-trend in the dollar that began in January. A weak dollar could be an ominous signal for the US economy.

The GMI remains on a Green signal.

Below are 8 stocks that are in up-trends and have found recent short term support. The third column shows the percentage above support the stock is as of Friday’s close. Note that OSTK is 26% above support and may therefore be extended. I am monitoring these stocks for possible purchase this week, unless support fails.

The GMI remains on a Green signal. Note, however, that we are in a post-earnings release lull when stocks often go sideways or down. This weakness would likely set the stage for the end of quarter and year window dressing rally, when mutual fund managers purchase the strongest stocks so their quarterly reports to shareholders make them look like smart stock pickers…