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Blog post: Day 21 of $QQQ short term up-trend; GMI has been 6 out of 6 for 4 days; set-ups are working, look at $AAPL and create your own and share it!

@ 9:13 am
GMI6/6
GMI-26/9
T210881%

I have written before that the best time for me to go long is when the GMI is on a Green signal. It has been Green since 7/21. Since then QQQ has advanced +8.35% and 83% of its stocks have gone up. The median change of the Nasdaq100 stocks is +7.5%.   The GMI rose to 6 (of 6) on August 10 and my set-ups are working again.

Study this daily chart of AAPL with its exponential 8 and 21 moving averages and see if you can make up rules for trading a rising stock. When would you buy and when would you sell? Next test them out on other stocks to confirm you have something tradable. Share your set-up with others in your comments. Last post I gave you a hint on what I do.

 

 

 

Blog Post: Day 18 of $QQQ short term up-trend; GMI=6 for first time since 11/18/2021! 6 stocks that passed my Weekly Green Bar scan

@ 8:39 pm
GMI6/6
GMI-26/9
T210877%

Since QQQ has retaken its 30 week average, the GMI is now= 6 (of 6). I have begun going long in my trading account. I will wait for the 30 week averages to  curve up to begin transferring money in my university retirement accounts back into mutual funds. Check out this Weekly 10:30 chart of QQQ. I would like to see QQQ close a few weeks above its 30 week average (red line). It is good that the 10 week average (blue dotted line) is already curving up. The weekly closing price is the gray solid line. We are not out of the woods yet, however.

AAPL is looking quite strong.

Here are six stocks near ATHs that passed my Weekly Green Bar scan. All are above their last green line and near an ATH. They all bounced off of their 4 week average and have an RS at a 20 week high. All come from my IBD/MS watchlist. Some are extended now.