Blog Post: $QQQ short term up-trend could end on Tuesday; My indicators are very weak; 4 times more new lows than highs, only 6 ATHs; beware January

@ 11:35 pm
GMI2/6
GMI-23/9
T210819%

Many persons holding large gains may be waiting to sell in the new tax year. The market internals are terrible, with most stocks declining. I am mainly in cash or TBIL in my trading accounts and prefer to watch from the sidelines. If Tuesday leads to a new QQQ short term down-trend I will slowly accumulate SQQQ. The recent rebound in QQQ after the decline in mid-December has failed to retake the prior highs. Lower highs are not bullish. I am a chicken and prefer to buy when the GMI is 5 or 6. The GMI currently =2.

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Blog Post: Day 36 of $QQQ short term up-trend; With the GMI= RED and only 20% of Nasdaq 100 stocks rising on Friday, time to be very careful; Only 5 stocks at ATH and more new lows than highs.

@ 12:16 am
GMI2/6
GMI-23/9
T210821%

While the market indexes remain above key moving averages, I am concerned about what is happening under the hood. Few stocks are hitting 52 week highs or all-time highs. There were more lows than highs on Friday. And the GMI=2 and is flashing RED. I remain mainly in cash in my trading accounts. I will not retreat in my longer term university mutual fund accounts until I see longer term averages give way and turn down. I am also concerned because so many stocks I have been following have had non-stop advances. Many persons  may have been waiting until 2025 to take their gains so that they will not  incur 2024 taxes. We must be very careful right now.

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Blog Post: Day 35 of $QQQ short term up-trend; $SOUN reached ATH again after successfully retesting its GLB; $RGTI has a GLB, see charts

@ 9:27 pm
GMI3/6
GMI-27/9
T210826%

On December 16 and 18 I told you about SOUN, which my stock buddy, Judy, loves. You can search my blog to find the posts. On Thursday it hit another ATH on above average trading volume. I have a position and will exit if it CLOSES below its green line, at  18.14. SOUN is 10.9x its price 250 days ago and is in the AI field.

RGTI had a GLB on Thursday with above average trading volume. It is up 15X from a year ago. I always sell a GLB stock if it CLOSES below its green line.

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