IBM quitely breaks to all-time highs

@ 12:02 pm
GMI6/6
GMI-R10/10
T210885%

When a large cap Dow 30 stock suddenly breaks to all-time highs, I become interested.   I bought some IBM November call options today.   In August of 1999 IBM topped out at $138.35.   The chart below shows that after recovering from the steep bear market low of $69.50 in 2008, IBM ran up to around $134 and consolidated for about 8 months just below its all-time peak.   Well, IBM has now broken out to all-time highs! I would not be surprised by a multi-month rise from here. I believe this action bodes well for the Dow 30 index too.

GMI remains at 6 (of 6), GMI-R at 10 (of 10); RWB rocket–PPO

@ 6:41 am
GMI6/6
GMI-R10/10
T210886%

The QQQQ completed the 22nd day of its short term up-tend on Wednesday.   Nevertheless, there were severe cracks in some high fliers I have been following:   FFIV, CTXS, APKT, NTAP, BIDU.   This is a good time to have sell stops in place so that one can retain much of the gains from the September rally. Another RWB rocket stock worth researching: PPO