Blog Post: Day 5 of $QQQ short term down-trend; 30 US new highs and 183 lows, 7 US stocks at ATHs; see list and daily chart of $SGEN


When all looks weak, it is easier to see the potential new leaders because they show up on the all-time high (ATH) list. When the market turns up, some may take off.

One of them, SGEN, has a recent GLB and volume spikes on up days (black bars). It is worth researching. It is a biotech with no earnings and may be a takeover candidate.

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