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Since GMI buy signal on 7/1 $TQQQ beats all index ETFs, most individual stocks and #IBD50 stocks–yet again

GMI5/6
GMI-27/8
T210869%

It just is not worth it for me to try to find in advance the rare stock that will beat the 3X leveraged NASDAQ 100 ETF, TQQQ.

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Fewer then 5% of the stocks in the DOW, SPY, QQQ and IBD50 list from 7/4 beat the performance of just holding the TQQQ since the GMI Buy Signal on July 1 (+25.8%). Even the more conservative QLD (2X leveraged) does better. How many times must I repeat this analysis before I change my approach. The best strategy is for me to wade into TQQQ after a GMI Buy Signal. Trying to find the rare stock that will beat the TQQQ is a fool’s errand, just to satisfy one’s ego. The goal is to have the best chance of making money, not to hit the very rare lottery.

The GMI remains on a Buy Signal at 5 (of 6).

GMI08052016

 

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