Blog Post: Day 32 of QQQ short term up-trend; GMI=5 (of 6) and GREEN. 15 of 62 stocks reaching ATH on Friday were semiconductors. They lead again and 5 had a GLB! See list and note earnings release dates.

@ 8:48 pm
GMI5/6
GMI-25/9
T210848%

Theses 15 stocks traded at an ATH (all-time high) on Friday. Five had a GLB last week:  NVTS, NXPI, GFS, ALAB, SKYT. Check them out and draw in their green lines according to the rules I specified at my recent presentation to the MoneyShow. Any that CLOSE below their green line, I would consider to be a failed GLB.

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The GMI remains relatively strong, for now.

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Blog Post: Day 29 of QQQ short term up trend; Only 29 US stocks reached ATH on Tuesday, 0 were semiconductors, but 13 were oil/gas related, 3 had recent GLB: PBT, PBA, USAC. $COST also had GLB!

@ 9:00 pm
GMI5/6
GMI-24/9
T210839%

See high volume GLB for PBA , daily and monthly charts. PBA is tracking its 5 day EMA and must not close below its Green line @48.89. Still, buying a GLB in a market with few stocks hitting ATHs is more risky. The GMI-2=4 is also suggesting short term weakness.

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