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Blog Post: Day 15 of $QQQ short term up-trend; INTC has massive post-earnings gap up and GLB; it broke its ATH set in 2000, see daily and yearly charts.

@ 9:40 pm
GMI6/6
GMI-26/9
T210855%

After earnings were released INTC had a huge volume GLB and gap up. As long as INTC does not close below 75.81, it is a successful GLB. See last week’s MoneyShow presentation on this blog’s  Webinars tab for a discussion of the GLB setup.

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Broke through internet top set in 2000! Could this be a massive cup with handle setup?

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Blog Post: Day 11 of $QQQ short term up-trend; 19 of 109 stocks reaching an ATH on Thursday were in the semiconductor business. Perhaps that is why SOXL is up 135% since 3/31. It also had a GLB.

@ 11:14 pm
GMI6/6
GMI-26/9
T210859%

Every night I run  the stats on stocks hitting ATHs. I wrote a few days ago that semiconductors were the largest industry coming up and that suggested to me that big money was flowing into them. Rather than buying individual stocks that might get hit during earnings season, I bought the 3x leveraged bullish ETF SOXL, which had a recent GLB.

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