Indicators

• GMI: 6/6
• GMI-2: 6/9
• T2108: 55%

After earnings were released INTC had a huge volume GLB and gap up. As long as INTC does not close below 75.81, it is a successful GLB. See last week’s MoneyShow presentation on this blog’s  Webinars tab for a discussion of the GLB setup.

Broke through internet top set in 2000! Could this be a massive cup with handle setup?

Indicators

• GMI: 6/6
• GMI-2: 6/9
• T2108: 60%

Indicators

• GMI: 6/6
• GMI-2: 6/9
• T2108: 59%

AMZN had an above average volume GLB on Friday. It reports earnings this week. See daily and monthly charts. AMZN must not close below green line @258.60. To see my presentation to the MoneyShow last week where I describe the GLB setup and how I trade it,  please go to the Webinars tab on this blog above. You can also sign up in the video to get on the waiting list for my Masterclass with Richard Moglen.  Also, tab above  for the discount coupon for TC2000,  which I use to identify my setups.

The GMI remains GREEN.

Indicators

• GMI: 6/6
• GMI-2: 6/9
• T2108: 59%

Every night I run  the stats on stocks hitting ATHs. I wrote a few days ago that semiconductors were the largest industry coming up and that suggested to me that big money was flowing into them. Rather than buying individual stocks that might get hit during earnings season, I bought the 3x leveraged bullish ETF SOXL, which had a recent GLB.

Indicators

• GMI: 6/6
• GMI-2: 6/9
• T2108: 60%

I will make the link to my MoneyShow presentation available when I receive it. So many semiconductors are reaching ATHs. Check out these daily, weekly and and monthly charts of POET. It must not close below green line @11.00.

Indicators

• GMI: 6/6
• GMI-2: 6/9
• T2108: 59%

I hope you will come to my first presentation at the MoneyShow tomorrow at 1:40 PM. Please invite all people you know who may benefit. I will talk for 30 minutes about GLBs and my upcoming course with Richard Moglen of TraderLion. You will be able to reserve a seat for yourself for the future course, with no obligation. So many people around the world have asked me to be able to take my class and here is your chance…..

I am amazed at how many GLBs are occurring and how often they are successful. Here are the four I recently wrote about. Look how they are moving. The nice thing about my GLB strategy is that there is a defined entry and exit. If a stock closes back below its green line I will sell immediately. If it closes back above it I might buy it back. Arrows in these charts show the GLB and the high volume at the breakout. Unusually high volume is a good sign that the breakout may succeed. I want to stress that GLBs work best when the GMI is GREEN. In other words, in an up-trending market with many stocks reaching new highs. If you won’t buy a stock at an ATH, then you do not want to ride a rocket to the moon!

Indicators

• GMI: 6/6
• GMI-2: 6/9
• T2108: 63%

I will present on Wednesday for the first time at the MoneyShow virtual event. It is free to register here and you will receive a recording if you miss the live event.  Just prior to my presentation, Les masonson will present about his new book using a TQQQ trading strategy similar to the one I have posted about.  This book taught me a lot about the QQQ ETF.

I know the market is volatile, as it reacts to every new twist and turn in the Iraq war. Still, with the GMI= GREEN, I am tiptoeing into the strongest stocks. As I will describe in Wednesday’s talk, I am focusing on the few stocks each day that trade at an ATH (all-time high). The GMI is weighted toward those stocks. On Friday, 152/6407 US stocks reached an ATH. That is 2.3%!  To me, that indicates these stocks are showing extremely high relative strength.  These stocks beat 98% of all US stocks. I focus on the minority of these stocks that had a GLB Friday or last week.

I found that 32 of the 152 stocks were banks, followed by  20 that were in the semiconductor sector.  I found that AMD had a GLB last week. See its weekly chart. A close below the green line @267.08 would constitute a failed GLB and require me to exit if I had a position. Other stocks with a high volume GLB last week include:  DELL, MRVL, CLS, see their charts below.

The GMI=6 and GREEN.

Indicators

• GMI: 6/6
• GMI-2: 6/9
• T2108: 56%

3x ETF SOXL had a GLB last Friday. Check it out.

Indicators

• GMI: 6/6
• GMI-2: 6/9
• T2108: 54%

I would like to see greater volume with a GLB, but let’s see if QQQ can hold 637.01. Time to acquire break-outs. I follow the market, not the news and media pundits. Catch my upcoming presentation at MoneyShow 2026.  Register free.

Indicators

• GMI: 5/6
• GMI-2: 6/9
• T2108: 53%

None of us are smarter than the market. We should not fight the market, just ride its trend. Learn about the GLB setup at my free MoneyShow 26 presentation on 4/21. It is free and I will talk about the course I am developing with my former extraordinary student, Richard Moglen,  at TraderLion. Sign up and get the recording, it’s free.