QQQ has closed above its 4 week average (red dotted line) every week since early January, but one week in early March. Holding its rising 4 week average is a sign of a strong advance in any index or stock.
Dr. Wish
77th day of $QQQ short term up-trend; Stan Weinstein Stage Analysis
For those of you who did not understand my reference yesterday to SQ possibly entering a Stage IV decline, study Stan Weinstein’s stage analysis. I only buy stocks in a Stage II up-trend.
$SQ to enter Stage IV decline?
Earnings expected May 1. Note the 30 week average (red line) is curving down. (weekly chart)
