We are just about through with the end of second quarter mutual fund window dressing. Next week will tell whether we have a bottom or will need to re-test the recent lows. After 4 days down, the QQQ has retraced about 50% of the decline on very low trading volume. I therefore think we will go back down next week, but it is better to wait to see what Mr. Market intends.
Meanwhile, XONE performed beautifully on Thursday, up +3.7%. Another stock that Judy likes that I own, RKUS, also showed life, up +11%. She also recently mentioned that she likes IRBT, which broke out of a green line top on Thursday. See this beautiful monthly chart.