Blog post: Day 7 of $QQQ short term up-trend; Up-trends are holding for now; After forming a few blue dots, $VIK closed Monday at an ATH! See the daily and monthly charts. Boomers are cruising!

@ 9:23 pm
GMI5/6
GMI-26/9
T210855%

After becoming oversold and bouncing, VIK reached an ATH on Monday. Many of my Boomer friends are planning cruises and Viking is often talked about. Note this daily chart showing two oversold bounces designated by blue dots. Note the heavy volume on recent advances. The support also occurred near the 50 day average, shown by the green dotted line. VIK is now outside of its upper 15.2 daily Bollinger Band and may rest here. I would not want to see it close back below Monday’s low of 72.49.

The monthly chart shows the GLB in June, 2025, and that VIK came public in May, 2024.

Screenshot

 

Blog Post Day 6 of $QQQ short term up-trend; But this market is sending out warning signals. Too many investment advisors are bullish and there are too many air pockets in leading stocks. $MSFT has entered a Stage 4 down-trend, see weekly chart. The GMI= 4 and still on a GREEN signal. I will post when/if my major trend indicators turn down.

@ 10:54 pm
GMI4/6
GMI-24/9
T210855%

IBD reports that the Investors Intelligence poll shows 61.5% of advisors are bullish. This is close to the 5 year high of 64.2% and a level of bullishness that often occurs near market tops. The extreme action of GLD, SLV and MSFT last week was ominous. MSFT has entered a Stage 4 down-trend, see chart. I am retreating to cash in my trading accounts. I am a chicken.

Screenshot

The GMI=4 (of 6).

Screenshot

Blog Post: Day 3 of $QQQ short term up-trend; $GLD risng as US dollar ($UUP) remains in a swooning BWR down-trend and $GLD is in an RWB up-trend, see daily adapted Guppy charts. Fed to lower rates? Buying a little TQQQ.

@ 6:50 pm
GMI5/6
GMI-27/9
T210859%

Perhaps the Fed is going to lower rates again. The dollar is acting like rates are coming down. When interest rates fall, people sell dollars and buy gold. I am slowly buying some TQQQ as the QQQ short term up-trend has now lasted 3 days. I am much more confident of a new up-trend, however, when it reaches Day 5. Buying TQQQ during a new short term up-trend is difficult because I question whether the recent down-trend is really over. So I buy a little and hold my breath, ever ready to exit or add more.

Screenshot
Screenshot