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Blog Post: Day 4 of $QQQ short term up-trend; Gradually buying TQQQ; 213 US new highs and 5 lows; QQQ on way to ATH and GLB, see weekly chart. Get link to my upcoming presentation.

@ 10:49 pm
GMI5/6
GMI-26/9
T210853%

None of us are smarter than the market. We should not fight the market, just ride its trend. Learn about the GLB setup at my free MoneyShow 26 presentation on 4/21. It is free and I will talk about the course I am developing with my former extraordinary student, Richard Moglen,  at TraderLion. Sign up and get the recording, it’s free.  

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Blog Post: Day 3 of $QQQ short term up-trend; Stocks are breaking out and worth buying. Some stocks with a recent high volume GLB: ANRO, NBIS, VIRT, AEHR, see daily charts.

@ 10:57 pm
GMI5/6
GMI-26/9
T210854%

All of these stocks have broken out to ATHs. I will discuss GLBs and how I trade them during my MoneyShow presentation on April 21. Sign up for my free online presentation here. You can also obtain the recording.

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Blog Post: Day 1 of $QQQ short term up-trend; GMI=5; 113 US stocks reached an ATH; QQQ retakes 30 week average, but must hold above it to possibly begin a Stage 2 up-trend, but we are not there yet. Also, watch the 10 week average.

@ 9:32 pm
GMI5/6
GMI-26/9
T210847%

The 30 week average needs to continue to curve up in order to begin a Stage 2 up-trend. As I have written, a down-trend can have QQQ rebound to the 30 week average and then fail. This week’s close will be very important.The GMI is still on a RED signal but could flash GREEN on Thursday. There are many stocks having a GLB that I will talk about as things develop. I will be much more likely to get long when/if the 10 week average climbs back above the 30 week average. We still have 4wk<10wk<30wk down-trend. There are many months for me to get aboard a genuine new up-trend. As a recent retiree, I am much more conservative in my trading.

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