Blog Post: Day 12 of $QQQ short term up-trend; AMZN had a GLB on Friday, see charts; The link to last week’s MoneyShow presentation is on this blog’s webinar tab. Sign up there for my TraderLion MasterClass.

@ 8:05 pm
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AMZN had an above average volume GLB on Friday. It reports earnings this week. See daily and monthly charts. AMZN must not close below green line @258.60. To see my presentation to the MoneyShow last week where I describe the GLB setup and how I trade it,  please go to the Webinars tab on this blog above. You can also sign up in the video to get on the waiting list for my Masterclass with Richard Moglen.  Also, tab above  for the discount coupon for TC2000,  which I use to identify my setups.

The GMI remains GREEN.

Blog Post: Day 11 of $QQQ short term up-trend; 19 of 109 stocks reaching an ATH on Thursday were in the semiconductor business. Perhaps that is why SOXL is up 135% since 3/31. It also had a GLB.

@ 11:14 pm
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Every night I run  the stats on stocks hitting ATHs. I wrote a few days ago that semiconductors were the largest industry coming up and that suggested to me that big money was flowing into them. Rather than buying individual stocks that might get hit during earnings season, I bought the 3x leveraged bullish ETF SOXL, which had a recent GLB.

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Blog Post: Day 10 of $QQQ short term up-trend; MoneyShow went great! Link to come. Semiconductors are red hot. See POET with high volume GLB today, daily, weekly and monthly charts below. Sign up to receive this blog automatically.

@ 10:14 pm
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I will make the link to my MoneyShow presentation available when I receive it. So many semiconductors are reaching ATHs. Check out these daily, weekly and and monthly charts of POET. It must not close below green line @11.00.

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Here is its monthly chart.
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