Blog Post: Day 5 of $QQQ short term up-trend; 45 US new highs and 85 lows, 15 at ATH; $IOT is holding Tuesday’s GLB, see daily and monthly charts


IOT had a GLB (green line break-out) to an ATH on Tuesday on above average volume. Will it hold in a weak market? It has a MarketSmith Comp rating=96 and RS=98. IOT is just starting to earn a profit. If it closes below the green line at 31.41 it would be a failed GLB and time to exit. If it then retakes its green line I would buy it back.

Here is its promising monthly chart. It was an IPO in 2021.


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