Blog Post: Day 19 of $QQQ short term up-trend; 10:30 weekly chart of $QQQ shows 10 week average back above rising 30 week average–a major sign of strength.

@ 9:18 pm
GMI6/6
GMI-27/9
T210857%

The many media pundits saying that the market is extended like in 2000 or 2008 are trying to scare us out of the market. In each of these prior tops, my indicators alerted me to get out before the large declines occurred. Right now, QQQ looks to be in a strong up-trend with the 10 week average retaking the 30 week average. The weekly close, shown by the gray line is, however, very extended above the two averages. So there could be some convergence soon, but it is not a sign of a major top. With the GMI at 6, I am having fun buying stocks having GLBs to ATHs. See my recent MoneyShow presentation to view the evidence for trading GLBs. Also view my TraderLion webinars on this blog’s Webinars Tab.

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Blog Post: Day 17 of $QQQ short term up-trend; INTC has successful GLB while NVDA has a failed GLB, see daily charts; chart of NBIS looks promising.

@ 6:33 pm
GMI6/6
GMI-26/9
T210859%

INTC looks strong thus far after its post earnings release high volume GLB, but NVDA has had a failed GLB.  Let’s see if NVDA can retake its green line @212.19 when it reports earnings on 5/20. Also watching NBIS after it has retaken its green line, see daily chart.

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NVDA may find support near its lower Bollinger Band and 30 day average around 188-189.

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NBIS has retaken its green line after three blue dots (oversold bounces). I am watching it closely. I explained the Blue Dot of Happiness setup in my TraderLion 2025 presentation, the link is on the Webinars tab to this blog.

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GMI remains at 6 (of 6) and on a GREEN signal.

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Blog Post: Day 15 of $QQQ short term up-trend; INTC has massive post-earnings gap up and GLB; it broke its ATH set in 2000, see daily and yearly charts.

@ 9:40 pm
GMI6/6
GMI-26/9
T210855%

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.

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

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