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When the markets open strongly down, I look for stocks in my watch-list that are holding up. There were a number on Monday that showed great relative strength and I nibbled at them. These include OPK, ITCI, AMBA, PANW, and INGN. If they hold, I will add to my positions. If they fail I will […]
Almost one half of the Nasdaq 100 stocks have an oversold stochastics and T2108 is quite low at 31. The QQQ has already bounced its lower BB (see daily chart below) and its stochastics is at 23 . QQQ usually bounces when its stochastics goes below 20. Finally, the longer term trend of the QQQ […]
The GMI issued a Sell signal. I am mainly in cash in my trading accounts. I remain invested in mutual funds in my pension accounts which I cannot trade at will.
IBD says put/call ratio Monday was 1.24. Bounces usually come from this level. I am mainly in cash in my trading accounts. I forgot to post this table on Sunday night: But this is history. The GMI is now 1 (revised after IBD released mutual fund index) and another day below 3 will signal a […]
IBD has now called the market up-trend under pressure and the QQQ short term trend could turn down with a weak or flat day on Monday. I reduced my long positions on Friday with the imminent end of mutual fund window dressing on Tuesday with the end of the second quarter. Too many stocks appeared […]
The Nasdaq 100 stocks (QQQ) are very over bought with about 44% having a daily 10.4 stochastic greater than 80. The QQQ is also near the top 15.2 daily Bollinger Band. A short term decline is likely although the longer term trend indicators remain firmly up.
I meant to post this table on Monday. By the way, Judy reminded me that she also likes DIS as a Star Wars play.
My stock buddy, Judy, has been talking to me about IMAX for years, but recently she urged me again to consider IMAX along with HAS and EA, all companies that might do well with the coming release of of the Star Wars movie in December. So I own all three companies. I am posting their […]