JAZZ has a great technical pattern and may have had a cup-with-handle break-out. See this weekly chart.
JAZZ is also a RWB rocket stock.
27th day of QQQ short term up-trend; T2108 at 88%
T2108 doe not go much higher. While the long and shorter term trends remain up, I am looking for a post earnings release lull.
The GMI flashed a buy signal on December 23rd, which is still in place. Since December 23rd, the QQQ has advanced +10.7%, the QLD +22.2% and the TQQQ +34.7%. Meanwhile during the same period, only 12% of the Nasdaq 100 stocks and 11% of the S&P500 stocks have advanced 20% or more. The 3X bullish semiconductor ETF, SOXL, rose +52.8% during this period. The 3X leveraged ETF’s outperform almost all stocks and are much easier to select than individual stocks. I learn this lesson during each multi-week up-trend. Why try to identify the rare stocks that will outperform a 3X ETF?! Just pyramid up on the ETF.
I have many positions where I sold cash secured put options that should expire worthless in two weeks. I will then look to open new covered call positions or sell new cash secured puts.
26th day of QQQ short term up-trend: Darvas stock: KWR
My DARVAS scan picked up 22 stocks. These are stocks that meet criteria similar to those used by the great Nicolas Darvas , when he made 2 million dollars trading in a two year period in the 1950’s. (See his classic book listed on the lower right of this site.) One of these stocks is KWR, which is just at its all-time high. If it breaks through, I think this could be a winner. Here is a weekly chart of KWR and here is its Yahoo profile. Click on chart to enlarge.
