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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.

GMI rises to 4; 7th day of QQQ short term down-trend

Wednesday, October 17, 2012 @ 7:09 am by Dr. Wish

GMI4/6

GMI-24/9

T210864%

Another strong day on Wednesday could turn the GMI signal to “Buy.” IBD still calls market in a correction.

6th day of QQQ short term down-trend

Tuesday, October 16, 2012Monday, October 15, 2012 @ 7:00 am by Dr. Wish

GMI2/6

GMI-22/9

T210855%

IBD says market is in correction and the GMI sell signal is in place. Enjoy the dead cat bounce.

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	$116.95	236.16%
META	1/23/24	$384.33	$704.87	83.40%
APP	9/17/24	$116.09	$368.27	217.23%
COST	12/11/23	$615.27	$1,042.88	69.50%
GDDY	11/22/23	$93.75	$209.87	123.86%
WING	11/15/23	$223.77	$305.39	36.47%
CAVA	4/22/24	$58.10	$142.90	145.96%
CAH	11/3/23	$95.45	$127.45	33.53%
PGR	10/13/23	$149.87	$249.00	66.14%
ANF	12/18/23	$85.77	$113.63	32.48%
MPTI	10/9/23	$21.00	$56.33	168.24%
AGX	9/6/24	$76.70	$142.99	86.43%
SFM	1/29/24	$49.45	$169.43	242.63%
CBOE	8/4/23	$138.54	$208.28	50.34%
VST	8/4/23	$27.96	$171.61	513.77%
MOD	8/3/23	$37.62	$105.14	179.48%
VRT	8/2/23	$28.80	$119.04	313.33%
PSN	8/2/23	$50.15	$77.58	54.70%
PHM	4/25/23	$63.90	$111.33	74.23%
CRS	4/23/24	$79.66	$192.71	141.92%
IBKR	2/9/24	$95.59	$233.45	144.22%
EAT	10/1/24	$78.33	$187.95	139.95%