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18th day of $QQQ short term down-trend; health care, bio-techs have topped

Thursday, January 28, 2016 @ 9:43 pm by Dr. Wish
GMI0/6
GMI-21/9
T210818%

After a multi-year RWB advance, health care stocks are now in a BWR down-trend.

CURE01282016As are bio-techs!

XBI

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17th day of $QQQ short term down-trend

Wednesday, January 27, 2016 @ 9:46 pm by Dr. Wish
GMI0/6
GMI-21/9
T210815%

On the sidelines, in cash. After earnings season, what will push stocks higher?

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Bounce from oversold continues; $AAPL will tell the story

Tuesday, January 26, 2016 @ 10:18 pm by Dr. Wish
GMI0/6
GMI-24/9
T210816%

If AAPL closes down on Wednesday after Tuesday night’s earnings release, I suspect the indexes are headed lower again. Strong resistance exists around 102-103. If AAPL can’t make it, can anything?

AAPL01262016

 

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Current GMI Signal

GREEN

since close on May 5, 2024

Successful GLBTracker

Selected stocks that have had a successful recent Green Line Breakout (GLB). One can really profit by buying stocks breaking out to all-time highs after a consolidation of 3 months or more, my GLB Setup.

Sym.DateGLB $Now $Chg.
FTAI10/26/23$34.79$122.40251.83%
META1/23/24$384.33$640.4366.64%
APP9/17/24$116.09$370.63219.26%
COST12/11/23$615.27$1,034.3468.11%
GDDY11/22/23$93.75$189.88102.54%
WING11/15/23$223.77$333.6749.11%
CAVA4/22/24$58.10$90.0655.01%
CAH11/3/23$95.45$153.8661.19%
PGR10/13/23$149.87$288.2492.33%
NFLX10/18/24$700.99$1,191.6469.99%
MPTI10/9/23$21.00$48.43130.62%
AGX9/6/24$76.70$188.98146.39%
SFM1/29/24$49.45$168.93241.62%
CBOE8/4/23$138.54$224.4161.98%
VST8/4/23$27.96$157.32462.66%
MOD8/3/23$37.62$104.11176.74%
VRT8/2/23$28.80$106.40269.44%
PSN8/2/23$50.15$68.4136.41%
PHM4/25/23$63.90$103.0761.30%
CRS4/23/24$79.66$235.71195.90%
IBKR2/9/24$95.59$208.00117.60%
EAT10/1/24$78.33$149.0590.28%
DUOL9/18/24$245.87$520.23111.59%
HWM11/14/23$51.34$166.24223.80%
LRN10/23/24$69.70$156.95125.18%
SPOT11/6/24$387.44$664.6271.54%
CRS4/23/24$79.66$235.71195.90%

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  • Blog post: David, my co-presenter, brilliant colleague of 20+ years died in a freak accident on 2/18; Day 35 of $QQQ short term down-trend; 15 promising stocks to monitor
  • Blog Post: Day 17 of $QQQ short term up-trend; 7 of 32 stocks in my growth watchlist of 687 stocks that reached an ATH on Monday were in the Aerospace & Defense industry, $HWM and $AXON have already doubled, see list.
  • Blog Post: Day 16 of $QQQ short term up-trend; Major indexes are still not in confirmed up-trends yet, see weekly charts of $SPY and explanation. Boston IBD Meetup for 5/21 is full but register to receive free recording.
  • Blog Post: Day 15 of $QQQ short term up-trend; Here are 15 stocks from my growth watchlist that reached an ATH Thursday; note 4 are from the aerospace & defense industry.
  • Blog Post: Day 14 of $QQQ short term up-trend; Blue dots have helped me find strong stocks bouncing from oversold, see daily chart of AMZN; learn about the blue dot at my presentation to the Boston IBD Meetup on 5/21, register on blog.
  • Blog Post: Day 13 of $QQQ short term up-trend; Register NOW to get the free recording of my presentation to the Boston IBD Meetup on 5/21; $TQQQ beats most individual stocks again, see daily chart!

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Recommended Reading

Momentum Masters - A Roundtable Interview with Super Traders - Minervini, Ryan, Zanger & Ritchie II Alan Ellman's Selling Cash-Secured Puts: Investing to Generate Monthly Cash Flow Stock Investing For Students - a plan to get rich slowly and retire young Trade Like a Stock Market Wizard: How to Achieve Super Performance in Stocks in Any Market Exit Strategies for Covered Call Writing: Making the Most Money When Selling Stock Options Complete Encyclopedia for Covered Call Writing Wall Street The Other Las Vegas How to Make Money in Stocks: A Winning System in Good Times and Bad, Fourth Edition Trend Trading: A seven step approach to success How Legendary Traders Made Millions: Profiting From the Investment Strategies of the Gretest Traders of All time The Complete TurtleTrader: The Legend, the Lessons, the Results How to Make Money Selling Stocks Short Reminiscences of a Stock Operator Stan Weinstein's Secrets For Profiting in Bull and Bear Markets Lessons from the Greatest Stock Traders of All Time How I Made $2,000,000 In The Stock Market

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