Blog Post: Day 13 of $QQQ short term up-trend; Register NOW to get the free recording of my presentation to the Boston IBD Meetup on 5/21; $TQQQ beats most individual stocks again, see daily chart!

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I hope many of you can attend the online meeting at 7 PM EST or review the recording. I will discuss GLBs, Bollinger Bands and Stochastics in order to show how I use them to conduct my Blue Dot scan. You can register here. Attendance is limited, so do it now!

Note that since Day 1 of the QQQ short term up-trend, TQQQ is up +28.4%.  How many individual stocks have beaten TQQQ during the same period?  Only, 0 of the Dow stocks, 4 of the Nasdaq 100,  and 4 of the S&P500. However, 6% of the 553 stocks in my growth watchlist did do better. Did you own any of them? So again, riding TQQQ in an up-trend outperforms 94% or more of  the individual stocks in these groups. On Day 1, I held my nose and bought a little of TQQQ. This was very difficult to do because Day 1 came after 42 straight days of a short term down-trend. Few people trust a new short term up-trend! See you on 5/21.

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Blog Post: Day 12 of $QQQ short term up-trend; GMI=6 (of 6); Time for me to look for buys near ATHs; See $UBER GLB on daily and weekly charts.

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The massive market rise on Monday puts QQQ above its 30 week average. Now the GMI= 6 (of 6). We need to see if it can hold. In the meantime, look at UBER, which retook its green line and closed at an ATH on above average volume. See daily and weekly charts. Must not close below its green line at 81.86.

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