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45th day of $QQQ short term up-trend; short term interest rates surge

GMI

4/6

GMI-2

4/8

What is the GMI?
 

WORDEN T2108

36%

Check out this measure of short term interest rates.

IRX--X12072015

44th day of $QQQ short term up-trend; $HELE–GLB; Financial exchanges strong

GMI

4/6

GMI-2

5/8

What is the GMI?
 

WORDEN T2108

43%

HELE has been a super rocket stock since 2010. This weekly chart shows that HELE has resumed its strong RWB pattern after coming out of a base in October. HELE gapped up and broke above its green line top to an all-time high on huge volume on October 9.  It has  retested its GLB several times since.

HELEGMMALast week, HELE again bounced off of its green line top and may be getting ready to begin a new advance. The way I would play such a pattern would be to buy it and place a sell stop around $99.90. If I am wrong I am risking about a 4-5% loss. If I am right, I might catch a ride on a rocket! We’ll see this week if this turns out to be a timely set-up.

HELEdailyHow did I find HELE? It came up in one of the rocket stock scans I built in TC2000. It identified 15 stocks out of about 5500 that had my desired pattern of a rocket stock (RWB) and bouncing off of support. (The other stocks were: ICE, USCR, PNFP, ALKS, TTC, RAI, NDAQ, LFUS, THG, UFCS, NXST, PRA, DLR and ADP. Of course, these need to be researched to see if any are worthy of purchase.) To learn more about my methods, go to my free December 2012 TC2000 webinar link on the right of this post. (By the way, I am doing an AAII workshop in Virginia this February–more details to come.) Whether HELE rises this week will depend a lot on the general market’s trend. Here is the GMI table. The GMI remains on a Buy signal.

GMI12042015

I seldom get a very unexpected result from my scans. However, just for fun, I ran my scan for RWB stocks bouncing off of support focusing only on industry indexes. I found that only one industry, financial exchanges, came up! This monthly GMMA chart shows a clear RWB pattern for the financial exchanges index. (I am just discovering the benefit of a monthly GMMA chart that shows the longer term trends.) Clearly, the  financial exchange index has been in a strong RWB pattern for almost three years.

FinancemonthlyHowever, the weekly GMMA shows that this index  recently emerged from a year long consolidation in November, 2015.

Financexweekly What is driving this index? Perhaps an environment of rising interest rates increases the business of financial exchanges, as does the trading of commodities, which are getting very volatile, reflecting oil’s decline? Higher trading activity and margin interest rates will lead to higher profits for financial exchanges. The 4 stocks (out of 5) measured by this financial exchange index that all have weekly RWB patterns are: CME, CBOE, NDAQ and ICE. This is very interesting food for thought and may be worthy of my own financial exchange…….

$QQQ short term up-trend may end on Friday

GMI

3/6

GMI-2

3/8

What is the GMI?
 

WORDEN T2108

37%

But the QQQ remains in an RWB up-trend!

QQQGMMA11032015

42nd day of $QQQ short term up-trend; $AAPL continues to weaken

GMI

6/6

GMI-2

5/8

What is the GMI?
 

WORDEN T2108

46%

Head and shoulders top pattern still intact. Check out this weekly chart of AAPL. (Click to enlarge.) Note the declining 30 week average (red line). Is AAPL topping out or am I out on a thin limb? Bears love to devour fallen apples…..

AAPL12022015

Dollar in RWB up-trend, oil in BWR down-trend–I trade with the trend

GMI

6/6

GMI-2

8/8

What is the GMI?
 

WORDEN T2108

54%

UUP, the dollar ETF, is in a renewed  RWB up-trend, likely reflecting higher interest rates in the U.S.

UUP11252015In contrast, oil, measured by  USO, remains in a BWR down-trend.

US)11252015The GMI is back to 6 (of 6).

Happy Thanksgiving—will post next on 12/2.

37th day of $QQQ short term up-trend; $DY–RWB rocket stock

GMI

5/6

GMI-2

7/8

What is the GMI?
 

WORDEN T2108

52%

The QQQ is right at resistance, but it looks strong to me.

QQQ11242015After a GLB in May and a retest in June and August, DY continues up-trend. It has been number 1 in the IBD50 list and I own it.

DY11242015Note how much clearer the trend is in a weekly chart.

DYweekly11242015And even clearer in a GMMA chart showing an RWB rocket  pattern.

DYGMMA11242015I prefer an RWB pattern on my modified GMMA chart any day!

Happy Thanksgiving–I will post again on 12/2.

36th day of $QQQ short term up-trend; $AAPL rotting?

GMI

6/6

GMI-2

7/8

What is the GMI?
 

WORDEN T2108

50%

The head and shoulders top formation I have been talking about remains intact. Note that AAPL has   been unable to get above its declining 30 week average (red line). This may be an ominous Stage IV decline forming.

AAPL10232015

 

35th day of $QQQ short term up-trend; QQQ-RWB up-trend; $NTES, $LOW, $KITE–possible GLB

GMI

5/6

GMI-2

6/8

What is the GMI?
 

WORDEN T2108

50%

Curiously, there were still more now lows than highs on Friday.   This may be because the SPY and DIA are not as strong as the QQQ, which is composed mainly of nonfinancial tech stocks.   The QQQ is clearly in the beginning of a RWB up-trend and heading to new highs.

QQQGMMA11202015But the SPY and DIA (not shown) are not as strong. The SPY is well below its summer peak and has no white separation between the shorter (red) and longer (blue) moving averages.

SPYGMMA11202015Still there are a lot of stocks breaking out and worthy of research. NTES is a recent GLB, as this weekly chart shows.

NTESGLBAnd LOW may be completing a cup and handle formation and a possible GLB.

LOWcup11202015

I am keeping an eye on KITE for a possible GLB this week. KITE is presenting on their latest drug research at a December conference.

KITE11202015

Meanwhile the GMI remains at 5 (of 6). Go to my December 2102 TC2000 free webinar (link to right or click here) to learn more about the GMI and my trading strategy.

GMI11202015

34th day of $QQQ short term up-trend; EA rides Star Wars

GMI

5/6

GMI-2

6/8

What is the GMI?
 

WORDEN T2108

50%

I have been watching EA ever since my stock buddy, Judy, told me about their likely benefiting from their games with a Star Wars theme. When EA bounced from support on Thursday, I purchased some. EA may be retaking its green line break-out. If it breaks below support I will quickly sell. Star Wars comes out on December 18.

EA11192015

 

33rd day of $QQQ short term up-trend; 2X more new lows than highs; $CMN–RWB stock

GMI

4/6

GMI-2

5/8

What is the GMI?
 

WORDEN T2108

50%

While the indexes are rebounding, it is noteworthy that there were twice as many stocks at new lows than new highs on Wednesday. About 86% of the Nasdaq 100 stocks rose, compared to 67% of all stocks. So the tech stocks are out-performing right now. Only one stock came up in my new high and great fundamentals scan, CMN. It is in a beautiful RWB up-trend.

CMNGMMA

 

 



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