8th day of QQQ short term down-trend but GMI flashes buy signal

Thursday, October 18, 2012Wednesday, October 17, 2012 @ 7:00 am by Dr. Wish

GMI5/6

GMI-24/9

T210868%

With the GMI above 3 for two days, it is now flashing a buy signal. The tech stocks, as reflected in the QQQ, are lagging. IBD still calls market in correction.

1 thought on “8th day of QQQ short term down-trend but GMI flashes buy signal”

Jim May

Thursday, October 18, 2012 at 12:08 pm

How do you define a QQQ short-term down trend. From reading your recent blogs I’m not clear on this matter. Thanks

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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	$170.63	390.46%
META	1/23/24	$384.33	$571.88	48.80%
APP	9/17/24	$116.09	$326.18	180.97%
COST	12/11/23	$615.27	$968.79	57.46%
GDDY	11/22/23	$93.75	$200.80	114.19%
WING	11/15/23	$223.77	$336.27	50.27%
CAVA	4/22/24	$58.10	$142.15	144.66%
CAH	11/3/23	$95.45	$122.44	28.28%
PGR	10/13/23	$149.87	$267.66	78.59%
ANF	12/18/23	$85.77	$143.03	66.76%
MPTI	10/9/23	$21.00	$67.20	220.00%
PANW	8/21/23	$213.61	$396.40	85.57%
NVO	8/8/23	$86.49	$106.01	22.57%
CBOE	8/4/23	$138.54	$219.01	58.08%
VST	8/4/23	$27.96	$159.82	471.60%
MOD	8/3/23	$37.62	$137.72	266.08%
VRT	8/2/23	$28.80	$130.59	353.44%
PSN	8/2/23	$50.15	$97.21	93.84%
PHM	4/25/23	$63.90	$135.32	111.77%
CRS	4/23/24	$79.66	$194.26	143.86%
IBKR	2/9/24	$95.59	$191.60	100.44%
BX	10/11/24	$149.78	$191.20	27.65%

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1 thought on “8th day of QQQ short term down-trend but GMI flashes buy signal”

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