GMI falls to 2; QQQ short term up-trend in danger; very cautious

Tuesday, June 26, 2012Monday, June 25, 2012 @ 7:00 am by Dr. Wish

GMI2/6

GMI-20/9

T210833%

If the QQQ remains flat or down on Tuesday, the new short term up-trend will have ended. I am cutting back on my longs and becoming very cautious.

1 thought on “GMI falls to 2; QQQ short term up-trend in danger; very cautious”

mark

Tuesday, June 26, 2012 at 2:09 pm

An old adage says: Buy when everyone is panicking! So, is this a time to buy? I recon so.

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Selected stocks that have had a successful recent Green Line Breakout (GLB). One can really profit by buying stocks breaking out to all-time highs after a consolidation of 3 months or more, my GLB Setup.

Sym.	Date	GLB $	Now $	Chg.
FTAI	10/26/23	$34.79	$173.71	399.31%
META	1/23/24	$384.33	$559.14	45.48%
APP	9/17/24	$116.09	$333.31	187.11%
COST	12/11/23	$615.27	$964.01	56.68%
GDDY	11/22/23	$93.75	$196.35	109.44%
WING	11/15/23	$223.77	$337.60	50.87%
CAVA	4/22/24	$58.10	$145.00	149.57%
CAH	11/3/23	$95.45	$121.84	27.65%
PGR	10/13/23	$149.87	$266.06	77.53%
ANF	12/18/23	$85.77	$151.99	77.21%
MPTI	10/9/23	$21.00	$62.48	197.52%
PANW	8/21/23	$213.61	$383.36	79.47%
NVO	8/8/23	$86.49	$105.06	21.47%
CBOE	8/4/23	$138.54	$213.26	53.93%
VST	8/4/23	$27.96	$161.92	479.11%
MOD	8/3/23	$37.62	$143.22	280.70%
VRT	8/2/23	$28.80	$140.15	386.63%
PSN	8/2/23	$50.15	$99.05	97.51%
PHM	4/25/23	$63.90	$129.76	103.07%
CRS	4/23/24	$79.66	$190.97	139.73%
IBKR	2/9/24	$95.59	$191.62	100.46%
BX	10/11/24	$149.78	$199.05	32.89%

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