AAPL’s green line is at 237.23.
General Market Index (GMI) table
Blog Post: Day 17 of $QQQ short term up-trend; $QQQ retook its rising 4 week average, it is looking strong to me.
The weekly set-up is strong after last week’s strong close. The 4wk>10wk>30wk and QQQ closed back above its 4 wk average. And the GMI is at 5 (of 6) and still Green, see table below. The weekly 10.4 Stochastic is now=80.5, evidence of a strong up-trend.
Blog Post: Day 12 of $QQQ short term up-trend; $AGX had GLB 4 weeks ago and a weekly green bar setup last week; it must hold last week’s low
I teach my students that if they miss buying at the time of a GLB, a possible place to buy is when the stock subsequently has a weekly green bar setup. This means that the 4wk>10wk>30 wk and the 4 wk is rising and it had a 20 week high in RS (SPY). The stop loss would be placed just below that week’s low. This assumes one also likes the fundamentals.
