Wishing Wealth - Stock Market Technical Indicators & Analysis

Dead cat bounce?

Wednesday, June 15, 2011Tuesday, June 14, 2011 @ 7:00 am by Dr. Wish

GMI0/6

GMI-21/9

T210826%

It will take a while to see if the rise on Tuesday was more than a dead cat bounce. Tuesday was the 16th day of the current QQQ short term down-trend. I remain in cash and hedged.

15th day of QQQ short term down-trend

Tuesday, June 14, 2011Monday, June 13, 2011 @ 7:00 am by Dr. Wish

GMI0/6

GMI-20/9

T210821%

All indicators negative. In cash/hedged.

All indicators negative, 14th day of short term QQQ down-trend

Monday, June 13, 2011Monday, June 13, 2011 @ 7:00 am by Dr. Wish

GMI0/6

GMI-20/9

T210824%

I remain in cash and own stock hedged with put options, awaiting option expiration this Friday.

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	$100.39	188.56%
META	1/23/24	$384.33	$689.64	79.44%
APP	9/17/24	$116.09	$369.68	218.44%
COST	12/11/23	$615.27	$983.03	59.77%
GDDY	11/22/23	$93.75	$212.44	126.60%
WING	11/15/23	$223.77	$297.25	32.84%
CAVA	4/22/24	$58.10	$135.68	133.53%
CAH	11/3/23	$95.45	$123.90	29.81%
PGR	10/13/23	$149.87	$248.83	66.03%
ANF	12/18/23	$85.77	$118.31	37.94%
MPTI	10/9/23	$21.00	$57.85	175.48%
AGX	9/6/24	$76.70	$135.92	77.21%
SFM	1/29/24	$49.45	$158.06	219.64%
CBOE	8/4/23	$138.54	$205.91	48.63%
VST	8/4/23	$27.96	$170.17	508.62%
MOD	8/3/23	$37.62	$99.80	165.28%
VRT	8/2/23	$28.80	$117.18	306.88%
PSN	8/2/23	$50.15	$79.61	58.74%
PHM	4/25/23	$63.90	$115.22	80.31%
CRS	4/23/24	$79.66	$194.98	144.77%
IBKR	2/9/24	$95.59	$218.65	128.74%
EAT	10/1/24	$78.33	$182.44	132.91%