GEHC came public in December, 2022. Last week it closed at an ATH, after a many months long consolidation. See weekly and monthly charts. To remain a successful GLB, it must not close below the green line, at 87.83.
General Market Index (GMI) table
Blog Post: Day 28 of $QQQ short term up-trend; GMI remains Green and at 6 (of 6); $SMCI had a beautiful high volume GLB in January but had a likely climax top and selling last Friday, see daily chart
SMCI had a wonderful GLB on January 19 and rocketed higher. However, note the huge volume on the down day on Friday. This could reflect a similar overbought situation with other high flyers. Be careful. We have had a strong market during the release of 4th quarter earnings. I suspect we are likely to have some weakness into late March until first quarter earnings are upon us. For now, I have close sell stops on my positions. I am unlikely to add anything new now but will look to buy future oversold bounces on any significant market weakness.
Blog Post: Day 23 of $QQQ short term up-trend; $NXPI retakes green line; $GBTC has blue/green/black dots signaling bitcoin rise, see charts
NXPI had a failed GLB but closed back above the green line on Friday. Note all of the black dots and the recent green dot. To remain a successful GLB it must not close below the green line, @228.72.
Note the 3 dots on January 26 for GBTC. To understand the dots you must go to my recent IBD Meetup lecture recording.
The GMI remains Green and registers 6 (of 6). Don’t forget to check out the GLB Tracker table and subscribe to receive my blog posts in your inbox.
