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BJ has had another blue dot after a recent ATH set-up. This set-up is one of my favorites. I sell if the bounce from oversold fails. I will explain this set-up during my presentation at the Boston IBD Meetup on the evening of May 21. It is free and if you register in advance, they will send you the recording of the meeting. I will send you the link to register closer to the meeting date. BJ has shown a lot of relative strength recently, refusing to decline with the market.

ADMA must remain closed above 23.64 to be a successful GLB.

TTWO, a recent GLB, is holding its green line.

It takes a long time for the longer term trends to turn up. There were only 7 US stocks at ATHs on Thursday. If the QQQ short term down-trend ends Friday, I might nibble at TQQQ. However, I have found that about 25% of short term up-trends end within 5 days. My 10:30 weekly charts of the major market indexes are still weak. I would like to see the 10 week average cross above the 30 week average and the 30 week average to curve up for me to trust a significant new Stage 2 up-trend has begun. Look at this 10:30 weekly chart of SPY. In prior declining markets the indexes often rebounded back to the 10 week or 30 week average, only to begin a new larger decline. The 30 week average is still declining. Market declines often come after the earnings release period has ended. I do not predict bottoms. I only react after they have formed.