Indicators

• GMI: 1/6
• GMI-2: 1/9
• T2108: 30%

I will be talking about my GLB and Blue Dot setups on Monday afternnon at 1:05 on the online MoneyShow. I will make some exciting announcements. To register for free go here. Ignore the accredited investor check off. You don’t have to be one to attend and you can just say you are one. I have verified this with the program managers. If you register you can get the recording even if you cannot attend. Many people have asked to take my university class. You will learn how to obtain the chart setups I gave to my students.

Take a look at these charts of HALO and BOX. I am always looking for stocks reaching an ATH.

Indicators

• GMI: 2/6
• GMI-2: 3/9
• T2108: 30%

There were 28 stocks at an ATH on Friday. Seven were oil & gas related and 5 were in insurance. Both V and MA were on the list, having recently had a GLB.  Rising interest rates benefit credit cards. QQQ had a high volume decline and the modified daily Guppy chart shows that the RWB up-trend is over. QQQ closed below all 12 of the moving averages, see dotted line. This is the time for me to be in cash in my trading account and to concentrate on preparing my 30 minute presentation for the MoneyShow on Tuesday. Then I will show you how I trade GLBs and analyse their performance. Registration is free and once you register you can get the recording if you cannot attend on Monday at 1:05 PM. Being an accredited investor is not required to attend.

The GMI will likely turn RED by Monday’s close. Note frrom this table that the weekly stochastic is down -16 and well below 80. QQQ and SPY have now closed below their 10 week averages. My trading account is on the sidelines now but I will consider buying some GLBs when they occur. If the GMI reaches zero I will consider moving retirement investments to cash.

Screenshot

Indicators

• GMI: 3/6
• GMI-2: 2/9
• T2108: 31%

Register to see my presentation at the MoneyShow. You do not have to be an “accredited investor.” Get the free recording.

Indicators

• GMI: 3/6
• GMI-2: 3/9
• T2108: 25%

Here is where traders could have prospered the past few weeks. As semiconductors did before them, these stocks have dominated the list of stocks at ATHs. If you did not trade any of them them you might want to rethink your stock selection rules. Seven of them are two times or more their yearly lows, shown in the last column.

Come to my online presentation at the MoneyShow on October 20 and learn how to spot GLBs and Blue Dot oversold bounces.  Here is the link to the free registration. If you cannot attend, you can get the free recording.

Indicators

• GMI: 4/6
• GMI-2: 1/9
• T2108: 29%

By mistake, I filtered stocks that had a rising Blue Dot setup on Tuesday evening. I usually filter stocks that reached an ATH, of which oil &gas stocks had the most today (10). I found the most stocks with a rising Blue Dot were semiconductors. Does this mean that semis are bottoming? We will need to see. I will be speaking about the rising Blue Dot setup at the MoneyShow virtual event on October 20, register free here.  It is a 30 minute online speech and if you register you can gain access to the recording. I hope to see you there. I will make an exciting announcement.

Here are the 11 stocks. Note how many have doubled from their yearly lows, shown in the last column. I have found that when many stocks in the same industry reach an ATH it can be strong bullish sign. I wonder if many stocks in an industry have bounced from oversold, it also means something important. Money tends to flow into  groups.

Here is an example chart of AMD. If I buy an oversold bounce, I put a sell stop just below the low of the bounce.

Indicators

• GMI: 3/6
• GMI-2: 6/9
• T2108: 25%

PLTR closed above its Green line at 207.52 on Friday on above average trading volume. To be a successful GLB, it must not CLOSE below 207.52.  Earnings are scheduled to be released on 11/2. PLTR has already doubled from its lowest price the past 250 days. PLTR has been tracking along its 5 day EMA and is now outside its upper 15.2 Bollinger Band. It may trade back at the 5 EMA.

Monthly chart shows its last GLB was in November 2024 at 44.91, not a bad place to have purchased it! I change a Green line to orange when it is surpassed by a subsequent one. I will discuss GLBs during my upcoming presentation on the MoneyShow on 10/20.

GMI is only 3 but is still on a GREEN signal. Note there were more US stocks reaching yearly new highs than lows on Friday.

Indicators

• GMI: 4/6
• GMI-2: 6/9
• T2108: 24%

With oil prices going through the roof, it made sense to buy stocks that benefit from the rise. So many traders online are complaining about their horrible trades. Why did they miss these? This is not the first time these stocks have dominated the ATH list. The last column shows current price divided by the lowest price the last 250 days. SHEL is the weakest, up only 50%.

Indicators

• GMI: 5/6
• GMI-2: 7/9
• T2108: 24%

DELL had a blue dot after earnings in early September and again a few says ago. It also had a pink dot today, indicating a bounce off of the upper 15.2 Bollinger Band. This could provide some  resistance. I will explain my charts and symbols and how to get them during my MoneyShow presentation on October 20. Register free here.

Indicators

• GMI: 5/6
• GMI-2: 7/9
• T2108: 22%

I will not  let all of the gossip about bad market breadth deter me from riding strong stocks. The dotted line represents the daily closes.  This is a RWB up-trend. The blue dots are the daily low prices.

Indicators

• GMI: 3/6
• GMI-2: 6/9
• T2108: 21%

I think this market is strengthening into 3rd quarter earnings. Many down markets have bottomed in October. Remember to “come back at Halloween.” So there were 35 stocks at an ATH on Friday and one of them, ARW,  was a high volume GLB.  A GLB must not CLOSE below its green line. If it does I sell it immediately. For ARW, the green line is at 237.33. Rather than using a physical stop on a GLB I have purchased, I look at it each day around 3:45 PM to see whether it will likely close below the green line. Many successful GLBs trade intraday below the green line but rally to close above it and I would have wanted to retain it. In such a case a stop loss below the green line might have sold me out even though it closed back above the line. I only want to sell it immediately if a GLB closes back below the green line. If it closes below the green line and then closes back above it I may buy it back. I will discuss GLBs on my MoneyShow talk on October 20.