The QQQ short term up-trend is still intact–barely. I am waiting to see which way the market resolves itself. I am mainly in cash in my trading accounts. I remain 100% invested in mutual funds in my university pension. IBD calls the market back in a correction.
On May 24, I wrote about DDD,one of Judy’s favorite concept stocks. DDD was trading around $30 per share. DDD is in the exciting 3D printing business. Check this technology out, it is not like printing a 3D picture! Even in this volatile market DDD has held up beautifully and it hit a new all-time high on Tuesday. I own some of this stock and plan to hold it for a while as a longer term investment. Check out this weekly chart.
And this monthly chart:
Dr Wish…could you please tell us again how you determine the short term trend? Thanks you.
DDD has exact same price action as AMZN on the hourly chart. If market goes north today my uptrend will still be in tact
I determine short term trend with reference to daily moving averages.