Wishing Wealth - Stock Market Technical Indicators & Analysis

37th day of $QQQ short term up-trend; $INGN flying high

Wednesday, April 13, 2016 @ 10:09 pm by Dr. Wish

GMI5/6

GMI-25/9

T210885%

INGN is showing signs of accumulation. Note the repeated big black volume spikes.

36th day of $QQQ short term up-trend; GLB:$JNJ

Tuesday, April 12, 2016 @ 10:25 pm by Dr. Wish

GMI4/6

GMI-25/9

T210879%

QQQ regained its upward sloping channel.

JNJ had a green line break-out to an all-time high (GLB) on Tuesday. Here is its weekly chart.

35th day of $QQQ short term up-trend

Tuesday, April 12, 2016Tuesday, April 12, 2016 @ 5:56 am by Dr. Wish

GMI5/6

GMI-23/9

T210874%

But GMI-2 is at 3 (of 8) showing short term weakness. The QQQ has closed below its channel. (see yesterday’s post)

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	$129.63	272.61%
META	1/23/24	$384.33	$658.24	71.27%
APP	9/17/24	$116.09	$320.49	176.07%
COST	12/11/23	$615.27	$1,021.48	66.02%
GDDY	11/22/23	$93.75	$174.94	86.60%
WING	11/15/23	$223.77	$228.62	2.17%
CAVA	4/22/24	$58.10	$90.08	55.04%
CAH	11/3/23	$95.45	$127.47	33.55%
PGR	10/13/23	$149.87	$278.77	86.01%
ANF	12/18/23	$85.77	$101.42	18.25%
MPTI	10/9/23	$21.00	$40.16	91.24%
AGX	9/6/24	$76.70	$125.39	63.48%
SFM	1/29/24	$49.45	$142.87	188.92%
CBOE	8/4/23	$138.54	$208.00	50.14%
VST	8/4/23	$27.96	$130.01	364.99%
MOD	8/3/23	$37.62	$79.40	111.06%
VRT	8/2/23	$28.80	$92.41	220.87%
PSN	8/2/23	$50.15	$58.94	17.53%
PHM	4/25/23	$63.90	$102.92	61.06%
CRS	4/23/24	$79.66	$198.51	149.20%
IBKR	2/9/24	$95.59	$203.50	112.89%
EAT	10/1/24	$78.33	$155.51	98.53%