Blog Post: Day 18 of $QQQ short term up-trend; 72 US new highs and 20 new lows on Tuesday; My 10:30 weekly chart still shows $QQQ in a Stage 2 up-trend; see also charts for $WWE, $ZM


Note that the 10 week average (dotted line) is rising above the rising 30 week average (red solid line). In the past this has been the pattern marking the end of a major down-trend. Gray line is the weekly close.

This pattern works for individual stocks too.

On the way up and then down.


Blog Post: Day 16 of $QQQ short term up-trend; GMI is still Green; 13 stocks at ATH to consider once debt talks are successfully resolved


These stocks traded at an ATH on Friday and are on my watchlist of stocks that have been on IBD or MS lists. They are sorted by close Friday divided by lowest price the past 250 days. They all traded at an all-time high on Friday. VTS, with ****,  is an IPO within the past 250 days.


The GMI, at 5 (of 6) is still on a Green signal.