Wishing Wealth - Stock Market Technical Indicators & Analysis

50th day of $QQQ short term up-trend

Wednesday, July 23, 2014Wednesday, July 23, 2014 @ 10:27 pm by Dr. Wish

GMI5/6

GMI-28/9

T210855%

Long term trend of QQQ remains up in a Stage 2 advance. Short term up-trend is getting tired. Since 2006, only 9 of the 54 short-term up-trends of the QQQ have lasted longer than 50 days. After earnings season we will enter the dreaded September/October period.

49th day of $QQQ short term up-trend

Tuesday, July 22, 2014 @ 11:09 pm by Dr. Wish

GMI5/6

GMI-28/9

T210853%

With AAPL down in the after-market after posting solid earnings, this short term up-trend may be becoming a little old. This is not the time for me to add new positions in my trading accounts.

48th day of $QQQ short term up-trend

Tuesday, July 22, 2014 @ 7:25 am by Dr. Wish

GMI5/6

GMI-27/9

T210849%

AAPL reports earnings today after close.

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	$116.42	234.64%
META	1/23/24	$384.33	$722.50	87.99%
APP	9/17/24	$116.09	$382.50	229.49%
COST	12/11/23	$615.27	$1,064.70	73.05%
GDDY	11/22/23	$93.75	$207.20	121.01%
WING	11/15/23	$223.77	$304.85	36.23%
CAVA	4/22/24	$58.10	$129.02	122.07%
CAH	11/3/23	$95.45	$127.48	33.56%
PGR	10/13/23	$149.87	$256.99	71.48%
ANF	12/18/23	$85.77	$107.00	24.75%
MPTI	10/9/23	$21.00	$53.39	154.24%
AGX	9/6/24	$76.70	$148.62	93.77%
SFM	1/29/24	$49.45	$169.09	241.94%
CBOE	8/4/23	$138.54	$212.61	53.46%
VST	8/4/23	$27.96	$168.43	502.40%
MOD	8/3/23	$37.62	$96.36	156.14%
VRT	8/2/23	$28.80	$112.48	290.56%
PSN	8/2/23	$50.15	$76.09	51.72%
PHM	4/25/23	$63.90	$105.20	64.63%
CRS	4/23/24	$79.66	$185.89	133.35%
IBKR	2/9/24	$95.59	$228.61	139.16%
EAT	10/1/24	$78.33	$162.46	107.40%