Daily chart. RDDT began ths rise with a gap up after earnings. I would like to see more volume on today’s GLB. A CLOSE below the green line at 230.41 would be a failed GLB.
Weekly chart. Note moves after each quarterly earnings report is released.
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Blog Post: Day 75 of $QQQ short term up-trend; GMI is back to 6; See list of 10 stocks that reached an ATH and bounced off of their 8 EMA, see example chart of $CRDO.
If I bought one of these I would sell with a close below the 8 EMA.They are sorted by earnings date. I explained this setup during my recent TraderLion appearance.
CRDO is a fine example of this setup. It is above the last green line and has been tracking its 8 EMA. IBD Comp=99 with estimated earnings up tripe digits. It has already advanced more than 4x from last year.
Blog Post: Day 70 of $QQQ short term up-trend but bounce is weak with QQQ back below 8EMA, back in cash.
Only 29% of Nasdaq 100 stocks rose on Tuesday. I sold my small position in TQQQ and will wait for a QQQ short term down-trend to consider buying SQQQ.
