Day 13 of $QQQ short term up-trend; GMI=Green; More US new yearly highs than lows 91/46. 28 at ATH, most in software (6). DELL had a nice rise on Tuesday after its recent blue dot oversold bounce, see daily chart.

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DELL had a blue dot after earnings in early September and again a few says ago. It also had a pink dot today, indicating a bounce off of the upper 15.2 Bollinger Band. This could provide some  resistance. I will explain my charts and symbols and how to get them during my MoneyShow presentation on October 20. Register free here.

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Day 12 of $QQQ short term up-trend, GMI=5 and turns GREEN! Many stocks are breaking out and NVDA even had a GLB on Monday! TQQQ up +14% since Day 1 on 9/18. Daily modified Guppy chart shows QQQ closing above all 12 averages.

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I will not  let all of the gossip about bad market breadth deter me from riding strong stocks. The dotted line represents the daily closes.  This is a RWB up-trend. The blue dots are the daily low prices.

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Day 10 of $QQQ short term up-trend; My modified daily Guppy chart below warned to abandon or short NKE long before tonight’s post earnings swoon. A chart is worth………. Come to my MoneyShow online appearance on October 20.

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A BWR (blue/white/red) down-trend is deadly.  Red lines are shorter term averages and blue lines are longer term. We want RWB up-trends before going long. I will be making a virtual  appearance at the the MoneyShow on October 20 and will reveal a remarkable new product. I hope you will attend.

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