IBD says Thursday was a follow-through day and the market is back in an up-trend. T2108 is at 55%, in neutral territory. What a hot market! TQQQ rose 6.23% on Thursday. Since the recent bottom on June 24, TQQQ has advanced +21%. We should enjoy this rise while we can.
One word of caution, 69% of the Nasdaq 100 stocks had a 10.4 daily stochastic value greater than 80, representing an over-bought condition. There will likely be a decline after earnings season later this summer. I have protected some of my gains with put options. See my post from 2009 on how to use put options for insurance.