Indicators

• GMI: 4/6
• GMI-2: 7/9
• T2108: 36%

The last column shows current price divided by their prices 250 days ago. EDRY  is 5x its price a year ago. Note the estimated earnings release date is in the third column. I focus on stocks reaching an ATH. In April and May it was semiconductors.

Indicators

• GMI: 4/6
• GMI-2: 6/9
• T2108: 41%

The GMI remains on a Green signal. This week will likely determine whether QQQ can break out of this multi-week  consolidation. Oil&Gas and shipping stocks are still showing strength, hitting ATHs.

Indicators

• GMI: 4/6
• GMI-2: 5/9
• T2108: 39%

Here are the six stocks that traded at an ATH (all-time high) on Monday. All of them, but CQP, closed 1.9X or more above their price a year ago, shown in last column.

As you know, I focus on buying stocks at or near their ATH. Usually there are only a small number each day that do so. For example, last week, Monday through Friday, the totals were: 43,41, 28, 28, 20. Thus, each day  <1% of the 6,500+ US stocks in TC200’s database traded at an ATH. I like to buy stocks trading at an ATH because they are exhibiting incredible relative strength, beating 99% of all other stocks. The last time that there were so few ATHs and there were more stocks reaching a 52 week low than high occurred late last March just before the markets bottomed and took off on a nice sustained tradable rise. But back then my moving averages had declined to multi-week lows. That is not the situation now. So, I am not ready to say that this low number of ATHs indicates a bottom but something else may be  happening. This daily chart of SPY shows no decline currently like we experienced in late March. So what does this all mean? I suggest that market makers and other traders can no longer push many stocks to ATHs. Maybe these statistics are saying the market is really overbought and near a major top?  I remain mainly in TBIL in my trading account and have a few very small positions of individual stocks. As a recent retiree, I am a chicken and have one foot out the door….

Indicators

• GMI: 4/6
• GMI-2: 6/9
• T2108: 43%

It may be  hard to believe, but my indicators still show QQQ in  short term and longer term up-trends. These indicators saved me from significant declines many times. However, the weekly closes designated by the gray solid line show QQQ to be flat since the May/June peaks at all-time highs. September is typically the weakest month of the year for the markets. We may have to wait until the next earnings release period in October to break from this plateau.

The GMI is at 4, of 6, and remains on a Green signal.

Indicators

• GMI: 5/6
• GMI-2: 4/9
• T2108: 46%

Indicators

• GMI: 4/6
• GMI-2: 4/9
• T2108: 51%

Indicators

• GMI: 5/6
• GMI-2: 5/9
• T2108: 48%

This daily  Guppy chart shows the new up-trend in GLD. Were traders just lucky to anticipate the move in GLD Wednesday? Note the above average trading volume.

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Indicators

• GMI: 6/6
• GMI-2: 7/9
• T2108: 51%

This could be a meaningful advance for gold. Note GLD has now closed above all 12 averages. The dotted line shows daily closes. An RWB advances means that all shorter term red averages are rising above all of the longer term blue averages with a white space separating them. That is the opposite of the BWR down-trend. Note the arrow pointing to the RWB pattern.

Indicators

• GMI: 6/6
• GMI-2: 6/9
• T2108: 54%

The last column shows current price divided by minimum price the past 250 days. The third column shows expected earnings release date.

Indicators

• GMI: 6/6
• GMI-2: 6/9
• T2108: 55%

Note the closes (blue dotted line) are now consistently above the 12 moving averages, leading them all higher. I am riding TQQQ on this growing up-trend.