Short and longer term trends for QQQ remain up.
I hope none of my readers got caught long in NFLX. If you want to see why I follow Stage Analysis, look at how it alerted me to exit or short NFLX in August. It is simple, and it works! (Click on weekly chart to enlarge.) Watch the stock, not the news or the pundits!
Sounds simple and effective! Thanks for sharing your rule.
Dr Wish, do you use the weekly ma30 to enter a position also? And what do you do when it chops along the ma30
I sometimes buy a stock that breaks above its 30 wk avg. If it is choppy or the line is flat, I do not buy.