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21st day of QQQ short term down-trend; failed AAPL break-out

Thursday, November 8, 2012Thursday, November 8, 2012 @ 7:00 am by Dr. Wish
GMI0/6
GMI-20/9
T210835%

As I suggested a few posts ago, it is likely that people will take profits this year to avoid higher taxes next year. This could set the stage for an end of year decline. As this weekly chart shows, AAPL looks pretty sick. It failed to hold its recent green line break-out.

 

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20th day of QQQ short term down-trend

Wednesday, November 7, 2012Wednesday, November 7, 2012 @ 7:00 am by Dr. Wish
GMI3/6
GMI-23/9
T210846%

Still in cash or short.

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19th day of QQQ short term down-trend

Tuesday, November 6, 2012Monday, November 5, 2012 @ 7:00 am by Dr. Wish
GMI0/6
GMI-23/9
T210840%

If President OBama wins re-election, will stocks take a hit from year end selling to avoid higher capital gains taxes next year? Stay tuned.

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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$117.98239.12%
META1/23/24$384.33$640.3466.61%
APP9/17/24$116.09$362.34212.12%
COST12/11/23$615.27$1,025.8366.73%
GDDY11/22/23$93.75$190.20102.88%
WING11/15/23$223.77$321.0843.49%
CAVA4/22/24$58.10$96.8166.63%
CAH11/3/23$95.45$154.2561.60%
PGR10/13/23$149.87$286.0390.85%
NFLX10/18/24$700.99$1,191.5369.98%
MPTI10/9/23$21.00$48.08128.95%
AGX9/6/24$76.70$188.50145.76%
SFM1/29/24$49.45$168.68241.11%
CBOE8/4/23$138.54$220.9559.48%
VST8/4/23$27.96$156.62460.16%
MOD8/3/23$37.62$104.53177.86%
VRT8/2/23$28.80$106.04268.19%
PSN8/2/23$50.15$69.0037.59%
PHM4/25/23$63.90$104.4163.40%
CRS4/23/24$79.66$231.88191.09%
IBKR2/9/24$95.59$209.15118.80%
EAT10/1/24$78.33$151.6193.55%
DUOL9/18/24$245.87$529.05115.17%
HWM11/14/23$51.34$162.80217.10%
LRN10/23/24$69.70$154.50121.66%
SPOT11/6/24$387.44$656.3069.39%
CRS4/23/24$79.66$231.88191.09%

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  • 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.
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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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