29th day of $QQQ short term up-trend; weaker dollar = larger profits; 5 successful GLB stocks

@ 6:43 pm
GMI6/6
GMI-27/9
T210886%

This GMMA chart of the dollar index (UUP) suggests to me that the dollar’s up-trend is over. A weakening dollar implies lower interest rates and more profits for large US international companies that must translate their foreign currency earnings back into dollars. This may be why the market is strengthening— in anticipation of brighter second quarter forecasts to come with the imminent first quarter earnings reports.

Screen Shot 2016-04-03 at 6.24.57 PMBelow are five GLB (green line break-out) stocks that came up in my TC2000 alerts the past 30 days.

Screen Shot 2016-04-03 at 6.30.25 PMScreen Shot 2016-04-03 at 6.32.01 PMScreen Shot 2016-04-03 at 6.33.00 PMScreen Shot 2016-04-03 at 6.33.54 PMScreen Shot 2016-04-03 at 6.35.36 PM

Not all GLB stocks work out but I must admit, most of the recent alerts have worked out. In a rising market, buying GLB stocks breaking to all-time highs can be a profitable strategy. GGG just broke out on Friday. Will it also prove to be a winner?

Screen Shot 2016-04-03 at 6.39.54 PMAnd the GMI table:

GMI04012016

28th day of $QQQ short term up-trend; end of window-dressing, weakness coming?

@ 6:02 am
GMI6/6
GMI-27/9
T210887%

With the end of end of quarter window dressing, I expect weakness until earnings start coming out in mid-April. There were only 133 new highs on Thursday, down from 210 on Wednesday. This daily chart of QQQ shows that it was briefly outside of its upper 15.2 daily Bollinger Band on Wednesday. I expect QQQ could decline at least to the lower band, around 105. If that fails to hold, look out below! (look at what happened in early January)

Screen Shot 2016-04-01 at 5.56.56 AMI will tighten stops to protect gains.