Another weak day in the QQQ would turn my short term trend indicator to down. QQQ closed (dotted line) below all 12 averages and the RWB pattern is over..
13th day of $QQQ short term up-trend; $TGT has green dot signal after August GLB
TGT could fly if it can break out of the constricted Bollinger Bands.
GLB: $SEDG $ESNT; GMI=Green–End of quarter window dressing?
My star pupil from last year who is a TA for my current class alerted me to the recent GLB for SEDG. You can see Richard’s youtube videos based on what he learned in my class here. I have annotated this graph of SEDG highlighting some key points: 1- the GLB; 2-Above average volume on break-out; 3-Green dot signal; 4- Re-test of GLB; 5- bounce off of the lower 15.2 Bollinger Band.
ESNT had a high volume GLB on Friday after a green dot signal after bouncing up off of its lower Bollinger Band.
The GMI remains on a Green signal. The stronger stocks the past few weeks may get an extra push up this week from end of quarter mutual fund window dressing.
