Stock Market Technical Indicators & Analysis
All of these stocks have broken out to ATHs. I will discuss GLBs and how I trade them during my MoneyShow presentation on April 21. Sign up for my free online presentation here. You can also obtain the recording.
I will discuss the evidence for my GLB (green line breakout) setup during my presentation to MoneyShow 2026 on April 22. Please disseminate this link widely to all who you think will enjoy hearing about my strategies. This link works for emails. This weekly chart of QQQ shows my primary way to gauge its trend. The 4 and 10 week averages are below the 30 week. Many tops have occurred with a rebound to the 30 week only to decline below it. When the 4 and 10 week averages climb back above the 30 week we have a Stage 2 up-trend. Just study this chart. Compare the prior up-trend to the current pattern.
The GMI has now turned GREEN.
The 30 week average needs to continue to curve up in order to begin a Stage 2 up-trend. As I have written, a down-trend can have QQQ rebound to the 30 week average and then fail. This week’s close will be very important.The GMI is still on a RED signal but could flash GREEN on Thursday. There are many stocks having a GLB that I will talk about as things develop. I will be much more likely to get long when/if the 10 week average climbs back above the 30 week average. We still have 4wk<10wk<30wk down-trend. There are many months for me to get aboard a genuine new up-trend. As a recent retiree, I am much more conservative in my trading.
