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Blog Post: Day 41 of $QQQ short term up-trend; 143 US new highs, 26 lows and 63 ATHs; Window dressing upon us–beware, $QQQ, $SPY have black dots, see charts

@ 9:44 pm
GMI6/6
GMI-24/9
T210858%

Well, window dressing came a day later than I expected. This is when many of the strong stocks are bought up by mutual funds so their quarterly reports look good. However, it ends by Friday and maybe even Thursday, if many people exit early. Then we may get  beginning of the month weakness for two weeks until earnings start being released. So I bought a few things Tuesday and placed close stops in case they reverse quickly. Only 4 of the 9 very sensitive indicators in the GMI2 are positive. QQQ even had a black dot, signifying an OSB (oversold bounce) after a recent yearly high. Resistance could be at the upper 15.2 Bollinger Band at 373.17. So did SPY.

Blog Post: Day 37 of $QQQ short term up-trend; see list of 10 doublers that reached an ATH on Wednesday, and the daily charts of $BLDR and $PHM show my new OSB indicator

@ 10:43 pm
GMI6/6
GMI-27/9
T210860%

These stocks from my IBD/MS watchlist all at least doubled their lows the past year. See list sorted by last column, close/low price past 250 days. Note the predominance of construction stocks.

This daily chart shows my new oversold bounce (OSB) indictor, designated by a black dot. Note also the green line break-out (GLB) last April.

And PHM, black dot and GLB!

Blog Post: 86 US new highs, 10 lows and 35 at ATH; Day 36 of $QQQ short term up-trend; see list of 13 doublers at ATH, 4 are in residential construction

@ 7:58 pm
GMI5/6
GMI-27/9
T210859%

These 13 stocks are on my IBD/MS watchlist of promising stocks, reached an ATH Tuesday and have at least doubled their yearly lows. Interesting that 4 of 13 are in residential construction. Perhaps investors are betting on lower mortgage rates in the near future. This list is sorted by the last column, close today/lowest price the last 250 days. NVDA made it too!