Up-trends intact; waiting for bounce; some rocket stocks to watch
My short and long term indicators are still in up-trends. I am enjoying the current weakness and will wait to buy TYH when it bounces off of support. Support for me for TYH is around 126. If TYH bounces around there I will buy it and place a sell stop below the low of the bounce. Last time TYH bounced, it went from 114 to 138 in about 14 days. TYH is an ultra long 3X tech ETF. My university pension remains 100% long in mutual funds. The GMI
remains at 5 (of 6) and the more sensitive GMI-R is at 8 (of 10). 
The QQQQ and SPY ETF’s have closed above their 10 week averages for 11 weeks. The Worden T2108 indicator is at 76%, out of extreme overbought readings. 39% of the NASDAQ 100 stocks closed with their MACD above their signal lines….
There are a number of rocket stocks near all-time highs worth monitoring: HOGS, ARST, SCL, MVL, CERN, SYNT, ATNI, ARO, NEU, PCLN, MHS, BWY, TDC, SNX, IPCM, LL, DISCA, NETL, WMS, SWM, FIRE, EMS, SXCI, NTES,GYMB, PEGA, ROST, LZ.
Comments ( 2 )
ghandy added these pithy words on Mon, 9-28-09 at 10:37 amAnother prescient post… thanks for sharing your indicators.
Shawn M added these pithy words on Thu, 10-1-09 at 4:44 pmHi Dr. Wish,
TYH hit $126 today and looks to be bouncing up a little after hours past $128. At what price point will you be buying TYH again?
Add a Comment
