Blog post: Day 36 of $QQQ short term down-trend but likely to end on Friday; Nibbling at $TQQQ and watching 6 stocks at ATH: $CBT, $CEIX, $LNTH, $VLO, $VTNR and $VAL, see daily charts

GMI2/6
GMI-24/8
T210848%

We are in a tradable short term rally in a longer term down-trend. One foot must be out the door and ready to exit if things turn down again. My scan found a few stocks at ATH that had good technicals. VTNR retook its green line with a black dot, oversold bounce signal.

CEIX held its green line.

As has VLO.

I sell immediately upon a close below the green line.

2 thoughts on “Blog post: Day 36 of $QQQ short term down-trend but likely to end on Friday; Nibbling at $TQQQ and watching 6 stocks at ATH: $CBT, $CEIX, $LNTH, $VLO, $VTNR and $VAL, see daily charts”

  1. Hi, long time follower… it would mean a lot if you tell me when you say you are nibbling…what percent of your portfolio it is when you say you are nibbling? Thank you. Cheers…

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