Blog Post: Day 6 of $QQQ short term up-trend; $QQQ. $DIA, $SPY, $IWM retake their 10 week averages! Keeping an eye on $UBER, see daily and monthly charts

@ 10:17 pm
GMI4/6
GMI-26/9
T210850%

UBER is above it last green line but just below its ATH of 87, see monthly chart. I did not draw a new  green line at 87 because the GLB (green line breakout) did not hold. Notice how UBER stopped in February at the green line and broke through on Friday, see daily chart. Be careful, earnings are expected on May 7. Last February, UBER took off with earnings. Will it repeat this week? Holding through earnings is risky and a gamble. Note the blue dot signals, to be explained at my free Boston IBD Meetup presentation on 5/21. Register in advance when they release the meeting link and you will also receive the session recording.

GMI=4 and could turn Green on Monday. This rally could still end after earnings season. Bottoms often occur in October. Until then, I ride the up-trend, a little.  But I remain largely on the sidelines until the Stage 4 down-trend in the indexes should end.

Blog Post: Day 4 of $QQQ short term up-trend; Slowly adding $TQQQ and some individual stocks near their ATHs; $BJ has another blue dot set-up, see daily chart.

@ 11:00 pm
GMI3/6
GMI-26/9
T210837%

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.

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