Another high volume GLB to an ATH (see glossary). Who doesn’t like Cracker Barrel?! Earnings beat!
QQQ remains in a daily BWR down-trend.
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Three recent GLB stocks at ATH (all-time high): $MNRO $HELE $UAL
When the market is weak it is easier to find potential new leaders. Any stock that can come through the recent market weakness at an ATH is worth researching for purchase when the market trend turns up. Someone is accumulating them. Note each had a recent GLB (green line break-out, see glossary) and all have recent quarterly earnings up 25% or more.
This decline is nothing thus far! However, GMI flashes Red signal
This monthly chart of the QQQ shows that the current decline is negligible, compared to those in 2001 and 2008, and even 2015/16! Only time will tell whether it will turn into a a major decline….
I will post again this weekend.