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Blog Post: Day 59 of $QQQ short term up-trend; $CLS came up on my GLB/bounce daily 8 EMA scan, see daily and weekly charts. I will discuss this scan at the TraderLion conference this weekend.

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CLS had a recent GLB to an ATH, has not closed below its daily 8 EMA since then and bounced up off of that average on Monday. Let’s see if the bounce holds. Also note its weekly chart with CLS trending with  the 4 wk average, a confirming sign of strength. I will describe how I trade this setup at the TraderLion conference this weekend.

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Blog Post: Day 56 of $QQQ short term up-trend; $HOOD continues to track its rising daily 8 EMA; view my presentation about this setup at the Long Island Traders Meetup Thursday evening.

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I will discuss on Thursday evening the significance of a stock post-GLB tracking with the 8 EMA. It is truly amazing. Check out Pat Walker’s seminal work on the 8 EMA in his interview with Richard Moglen.

I am presenting at the Long Island TraderMeetup tomorrow evening. All are welcome. Register for free here.

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Blog Post: Day 54 of $QQQ short term up-trend; It is noteworthy that with the world rearming, these 5 defense/aerospace stocks (out of 54 at ATHs) reached an ATH on Monday, see list. Sign up to see me present at the Long Island Trader’s meetup on Thursday evening.

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RKLB is 7.6 x its price from a year ago. TASR rose 7x and then declined and when it retook its ATH, a GLB,  I bought it and it rocketed up 7x again. Many stocks having a GLB now reached an ATH in January and then declined with the market. They are now breaking out to new ATHs, a GLB! If you fear buying stocks at ATHs you would have missed the great stocks that helped Nicolas Darvas and William O’Neil to make their fortunes. I will be presenting about this strategy at the Long Island Meetup this Thursday evening. Here is the  link to the meeting. It is free.

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