Stock Market Technical Indicators & Analysis
The coil is constricting between the upper and lower 15.2 daily Bollinger Bands. Note the several failed blue dot oversold bounces. Which way will QQQ break out? Stay tuned. Earnings season is upon us.
The GMI=3 but the GMI2 of some more sensitive shorter term measures is =7. And QQQ’s Stage 2 longer term up-trend continues with its 10 week average above its rising 30 week average for the 10th week.
This weekend we shall see if this comeback has held. I focus largely on QQQ which reflects tech and growth stocks. SPY has been somewhat stronger recently, only closing below its 10 week average one week, see its weekly chart.
This list is sorted by close Wednesday divided by minimum low the past 250 days. MPLT has a null result because it came public within the past year and the division could not be calculated for its price over the past 250 days. ALMS is 9.2x its low the past year.
IBB had a high volume GLB on 6/22. Note how it is tracking its 5 day EMA.
