Day 2 of $QQQ short term down-trend and GMI=2 and likely to register RED by Monday’ s close. Preparing for MoneyShow presentation on Tuesday at 1:05, get link to register free. I will make important announcements and share an new analysis of GLBs that I find unexpected and very exciting.

@ 9:17 pm
GMI2/6
GMI-23/9
T210830%

There were 28 stocks at an ATH on Friday. Seven were oil & gas related and 5 were in insurance. Both V and MA were on the list, having recently had a GLB.  Rising interest rates benefit credit cards. QQQ had a high volume decline and the modified daily Guppy chart shows that the RWB up-trend is over. QQQ closed below all 12 of the moving averages, see dotted line. This is the time for me to be in cash in my trading account and to concentrate on preparing my 30 minute presentation for the MoneyShow on Tuesday. Then I will show you how I trade GLBs and analyse their performance. Registration is free and once you register you can get the recording if you cannot attend on Monday at 1:05 PM. Being an accredited investor is not required to attend.

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The GMI will likely turn RED by Monday’s close. Note frrom this table that the weekly stochastic is down -16 and well below 80. QQQ and SPY have now closed below their 10 week averages. My trading account is on the sidelines now but I will consider buying some GLBs when they occur. If the GMI reaches zero I will consider moving retirement investments to cash.

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Day 1 of new $QQQ short term down-trend but about 40% end before day 5; More U.S. new highs than lows (104/77) and 33 at ATH. 63% of Nasdaq100 stocks rose. Oil & Gas (6) and Insurance (5) had most ATHs. EBAY had a GLB on above average volume, see weekly chart. MoneyShow on 10/20, see link.

@ 8:54 pm
GMI3/6
GMI-22/9
T210831%
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Register to see my presentation at the MoneyShow. You do not have to be an “accredited investor.” Get the free recording.

Day 19 of $QQQ short term up-trend, could end on Thursday; 13 of 24 stocks that reached an ATH were Oil & Gas related, see list. PSX had GLB at 190.61 on July 13 and subsequent Blue Dot bounces, see chart.

@ 9:10 pm
GMI3/6
GMI-23/9
T210825%

Here is where traders could have prospered the past few weeks. As semiconductors did before them, these stocks have dominated the list of stocks at ATHs. If you did not trade any of them them you might want to rethink your stock selection rules. Seven of them are two times or more their yearly lows, shown in the last column.

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Come to my online presentation at the MoneyShow on October 20 and learn how to spot GLBs and Blue Dot oversold bounces.  Here is the link to the free registration. If you cannot attend, you can get the free recording.

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