Blog Post: GMI turns GREEN and Day 2 of $QQQ short term up-trend; How I trade a GLB (green line breakout), 2 examples: $ACLX, $AGYS
[ad_1] With its second consecutive day above 3, the GMI flashes a Green signal. Set-ups are beginning to work out. However, I am much more confident of the market’s new…
Blog Post: Day 17 of $QQQ short term down-trend, may end on Thursday; Dow stock $CAT holding recent GLB, see monthly and daily charts
[ad_1] I draw a green line on a monthly chart at a peak price that is not exceeded for at least 3 months. When it eventually closes above the green…
Blog Post: Day 16 of $QQQ short term down-trend; 1st five days of January rule suggests an up market for 2023; but Santa’s $ELF gets pummeled, see daily chart and red dots
[ad_1] There is a rule that if the major market indexes close the first 5 days of the year up it suggests an up market for the year, and a…
Blog Post: Day 10 of $QQQ short term down-trend and GMI still Red; $NVO, maker of obesity drug, Wegovy, barrels ahead to close at ATH after recent GLB–60 Minutes story to propel it higher?
[ad_1] On Sunday, 60 Minutes had a feature story about how obesity is being increasingly seen as a medical condition that can be treated by the new generation of drugs…
Blog Post: Day 9 of $QQQ short term down-trend; GLBs often fail in market down-trends–$CALM is a prime example we can learn from
[ad_1] I have often taught that the same set-ups that work beautifully for me in a rising market can fail miserably in a declining market. Model books of rising stocks…