The stocks I have been watching (go to www.wishingwealthblog.com and see list on lower right of this post) have been climbing nicely. Wednesday evening I wrote about AAPL’s strength and showed a weekly chart—up $6.35 on Thursday! I own AAPL and expect it will move on to all-time highs shortly. With the GMI at 6 and tech stocks breaking out, the market looks better than it has in months. I am fully invested in my university pension and in my margin account, and am putting funds back to work in my IRA.
TTM, a stock I wrote about a while ago, has gone on to new all-time highs. Keep an eye on this winner! As this weekly chart shows, TTM is now hugging its 4 week average (red dotted line) as it climbs. Click on chart to enlarge.
Hey Dr. Wish. I sent you a message on facebook but I was wondering what you thought about ORCL. I feel like this stock has your name on it right now. The only issue is, I know you like newer stocks but a 9 year high from this stock is pretty big news.
In trying to understand…not having the 10-30 week crossover is of none effect? I do see that they are both pointed upwards on the major indices though.
ORCL has had a vertical rise. I would wait for a base and/or buy on support off of the 10 or 30 day average. Didn’t see your message on FB.
GMI does not require 10 week to be above 30 week, although this would be a major sign of strength.