Wednesday was the 32nd day of the current QQQQ short term up-trend. During this up-trend, QQQ has risen 12%, QLD +25.5% and TYH +38%. TYH beat all of the stocks I have been trading, including AAPL +20% and GOOG +31%, yet again showing that riding the 3X ultra tech ETF, TYH, during a QQQQ up-trend beats most individual stocks. The ETF that has risen the most is CZM, China bull 3X, up +45%.
The GMI and GMI-R snapped back to their maximum values on Wednesday. NTAP (weekly chart below, click on to enlarge) is another RWB rocket stock (red short term averages well above blue longer term averages) that hit a 52 week high on Wednesday–I own Dec call options on it. Earnings are due Nov 17. By the way, NTAP is on my cumulative IBD 100/ New America watch list. All of the stocks I buy have therefore already passed the IBD CAN SLIM stringent fundamental and technical criteria.