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When the market has a weak day, it is important to find the stocks that resist the decline. For example, the recent green line break-out stock FOMX, which I have been following, rose on Tuesday. This is a significant sign of relative strength. AMBA also rose.
I watch NXPI because my stock buddy, Judy, likes the concept. It could be breaking out of a cup and handle base if it holds Thursday’s lows. (I own it.) NXPI is above its green line break-out (all-time high) and has a strong RWB pattern.
GE is not the type of stock I typically trade. However, it has a nice dividend yield (about 3.4%) and after that huge gap up in April after it announced a major restructuring, it looks like GE is ready to move up again. I own some and am willing to collect the dividend while I […]
IMAX had a green line break-out to an all-time high on Monday. I bought some. Note the high volume spikes on up-days (black spikes). The green line was drawn at the all-time high reached in 2011. IMAX is in a nice RWB up-trend.
All of my GMI and GMI-2 indicators are positive. This market acts like it wants to continue the longer term up-trend. I thought you might like to see the value of the GMMA for tracking the life cycle of a growth stock. DDD remained in an RWB up-trend for most of the period from 2012-2013. […]
All GMI components are positive. IBD sees market back in confirmed up-trend. QQQ looks strong.
GMI continues to strengthen. I will be more confident of the QQQ short term up-trend if it can reach 5 days.
Market still trying to make up its mind regarding the probable trend.
The GMI is back on a Buy signal.