Day 16 of $QQQ short term up-trend; GMI remains GREEN, see table. 25 stocks traded at an ATH on Friday, 6 were oil&gas and 4 were software firms. One software firm, PLTR, had a GLB on Friday, see daily and monthly charts and my analysis .

@ 8:53 pm
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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.

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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.

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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.

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Day 15 of $QQQ short term up-trend; only 17 US stocks reached an ATH on Thursday, the most (7) were oil & gas related; 6 of them have more than doubled from their lows the past year. See list.

@ 10:22 pm
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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%.

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Day 13 of $QQQ short term up-trend; GMI=Green; More US new yearly highs than lows 91/46. 28 at ATH, most in software (6). DELL had a nice rise on Tuesday after its recent blue dot oversold bounce, see daily chart.

@ 9:40 pm
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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.

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