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Blog post: Day 15 of $QQQ short term up-trend; Hot market, 507 US stocks with new highs Friday; Some growth stocks with GLB breaking out of nice multi-week bases: $AMAT, $NXST, $MCHP, $AFG, $SI, $FFIN, see weekly charts; GMI is 6 of 6 and Green

@ 6:36 pm
GMI6/6
GMI-27/9
T210869%

This market is getting very frothy. I am watching for the Fed to raise rates and kill the bull. But the GMI remains strong for now…

I took some time this weekend to look at my watchlist of recent IBD50 and MarketSmith250 growth stock lists and found 6 stocks that merit further research. All had a green line break-out (GLB) to an all-time-high last week after a strong advance followed by  a multi-week consolidation. My undergraduate students–check your TR to make sure they meet your criteria for purchase during the class trading simulation. I found these using a new TC2000 scan I shall share with the class next week. Note that AMAT reports earnings on 11/11.

Blog post: Day 14 of $QQQ short term up-trend; $TQQQ strategy beats most stocks again; Since 10/18, TQQQ + 21.7%, beating 98% of Nasdaq100 stocks, and 99% of S&P500 stocks

@ 9:42 pm
GMI6/6
GMI-27/9
T210866%

I have demonstrated repeatedly that during a QQQ short term up-trend, its triple leveraged ETF outperforms almost all individual stocks. Why search for the rare stock that can beat TQQQ? If we are in it to make money rather than satisfying our egos, we should just buy TQQQ. But TQQQ also falls 3x faster than QQQ and one must have solid rules for exiting. I start buying TQQQ on the first day of a new QQQ short term up-trend and accumulate it as the up-trend continues. TQQQ even beat 93% of the stocks in my watchlist of growth stocks from recent IBD50 and MarketSmith Growth 250 lists.