Blog Post: Day 26 of $QQQ short term up-trend; Nibbling at a few stocks showing strength; See daily and monthly charts of $BTSG and my analysis.

GMI6/6
GMI-27/9
T210847%

I found BTSG by scanning for stocks reaching an ATH today. BTSG had a recent high volume GLB and then went sideways for about 15 days. On Tuesday it broke out again to new high ground, again with large volume. Look at the huge volume up days it has had recently. The monthly chart shows BTSG came public in January, 2024 and has had two GLBs. After looking at many stocks having GLBs, I have realized that if I buy a stock close to its GLB, I should hold it until the stock closes back below the green line. That way I will be less likely to be shaken out by daily or weakly volatility. Just buy near the green line and hold it for a long time. That is what I am going to try to do. In the past I have often sold such stocks because of a daily or weekly signal, only to see it go on to climb for months. BTSG has great IBD stats: Comp=95 and estimated 2025 earnings are  +321%. I bought it a little further from the green line but will sell it if it closes below the green line, @25.57. Note my first buy at the earlier Note (N) only to be shaken out dyas later because of a subsequent down day. BTSG never closed below its green line and I should not have sold. Profit from my mistakes……

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Blog Post: Day 23 of $QQQ short term up-trend; More US new lows than highs, 92:74; GMI=4; Many breakouts are failing; I am mostly in cash, but I like today’s blue dot signal for $CLS, see the daily chart and my explanation.

GMI4/6
GMI-24/9
T210846%

With a government shutdown possible, the market is acting weak. I sold out of most positions today but could not resist a nibble at  CLS, which had a blue dot on Thursday. I know most setups are likely to fail in a weak market, but I like the way CLS behaved today and how the recent blue dot signals have worked. If it fails, my stop will get me out around today’s low. A blue dot occurs in a stock that recently reached an ATH and became very oversold. I like the fact that CLS also bounced up from its lower 15.2 daily Bollinger Band. I especially look for blue dot stocks that have also had a recent high volume rise, as did CLS. CLS rose Thursday on a weak day, showing relative strength. Its IBD RS=Comp=99 and its price is 5x its price a year ago. I am not a blind empiricist. As with CAN SLIM, stocks I purchase must look good from a technical and fundamental perspective. Let’s see if CLS holds on Friday. If you want to understand more about my Blue Dot of Happiness setup, see my recent presentation at the TraderLion 2025 Conference on Day 6. There is a webinars tab at the top of this blog too.

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