Stock Market Technical Indicators & Analysis
Last column shows current price divided by price 250 days ago. SMCI leads the pack, at 8x its price a year ago. Study their charts to help you identify wining patterns. Stoc1.1 shows where the stock closed in Thursday’s price bar. For example, BLDR ,with a Stoc1.1= 97, closed near the top of its price bar today (97% of the day’s range). UBER closed near the day’s low.
To remain a successful GLB, TM must not close below its green line @213.74 peak reached in January, 2022. Note the huge gap open Tuesday.
My scan found only 2 growth stocks having oversold bounces with blue dots on Friday (WSM and MUSA). I will ride my strong stocks but wait for more stocks with blue dots to appear to make new buys. The strong AI related stocks may be masking weakness in the general market. The GMI remains Green and registers 6 (of 6).
