Archive for the ‘ General Market Index (GMI) table ’ Category
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I ran my TC2000 new high and good recent earnings scan and the 11 stocks below came up. All are above their green line base tops and are therefore at all-time highs. I sorted them by price appreciation over the past 50 days. For example, USNA has advanced 50% over its price 50 days ago. [...]
With the GMI back to 6 (of 6) I am looking to initiate more long positions. I bought some TQQQ on the bounce on Friday. I will add to it if the market continues higher. During my vacation, I visited Powell’s Books in Portland, Oregon, one of the largest bookstores I have ever been in. [...]
I know all of us would like to identify a break-out stock like TSLA before it doubles. Did TSLA give itself away before its break-out? I believe the methods I have been demonstrating show how it would be possible to detect such an explosive move in advance. So, let’s do it. First, I have been [...]
Here are the 11 of 28 stocks that came up in my new high and good fundamentals scan from Friday’s close. All of these stocks also appear in one of my lists of stocks mentioned by IBD as possibly strong stocks. All of these stocks but 3 (SBRA, CREE and GMCR) are green line stocks, [...]
The GMI and GMI-2 are each at 6 (of 6). Stock indexes look a little extended to me. I was away all weekend and could not prepare a more detailed post.
First, thanks to all who encouraged me to continue posting scans. Please keep in mind I do this as an educational exercise and not to provide specific recommendations. One should review my results, research the companies and make a decision whether any company fits your trading model and risk tolerance level….. As you May know [...]
IBD sees the market in a correction and the GMI could flash a sell signal this week. We normally see strength as earnings come out, followed by a post-earnings lull. But look what happened to IBM on Friday after it announced earnings. The only technical tip off I might have noticed (I did not own [...]
All of my indicators remain positive. Most important, the QQQ has now closed back above its 10 week average price, after closing below it last week. It is amazing to me how many of the media pundits are saying the market is too high when the SPY and DIA have just broken through their green [...]
I wrote on Friday morning that the QQQ short term up-trend may falter. More important, after 13 weeks, the QQQ has now closed the week below its critical 10 week average. In contrast, the SPY completed its 14th week above its 10 week average. I have found it difficult to make money on the long [...]
The GMI and GMI-2 are both at 6 (of 6). If one had purchased QQQ just before the close of day one (U-1) of the current QQQ short term up-trend on 3/4, one would have a +1.9% gain, with QLD +4.0% and with TQQQ +6.3%. During the same period SPY advanced +2.5% and DIA +3.0%, [...]