GMI still Red; 3 GLB stocks $CHGG $OKTA $ $POST and maybe $CRON today.

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GMI-26/9
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Three growth stocks have broken through their green line bases to an all time high (GLB) last week. CRON may do so Monday. Here is one example (weekly charts). I always sell any GLB stock that closes back below the green line.

CRON (a marijuana related company) is close to a new all-time high :-).

 

While some stocks are breaking out, the GMI remains Red. If I buy anything in this situation  I put in close sell stops. The GMI signal turns Green only after a new up-trend is established.

GMI= 2 (of 6) and on a Red signal, indexes up against resistance; GLB: $DORM and $FN

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GMI-25/9
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During this down-trend there are still a few growth stocks (about 10) hitting all-time highs (ATH). DORM is one, as shown by this weekly chart. Note last week’s above average volume at the Green Line Break-out (GLB, see blog glossary). I wrote about FN last week.

 

The indexes are right up against resistance after the snap back rally. Daily stochastics are very over bought. This week should tell whether we re-test the lows or break through.


Once again, green dot indicator predicted bounce

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GMI-24/9
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You can learn about the green dot indicator in my prior posts. It is a daily 10.4 stochastic cross and indicated by a green dot on the price chart and the arrow on the stochastic chart below. When a stock or index ETF is in a sustained up-trend (QQQ is not) buying on the green dot signal often works for me. During a down-trend one can sometimes also get a tradable bounce. You can access at my TC2000 Club a video showing how to add the green dots to the price chart.

 

 

 

The GMI remains at 0 (of 6) and on a Red signal.