Onward to end of quarter window dressing! Strong stocks the past year will be scooped up by mutual funds to look good in their final reports for the year. The GMI is back to 6 (of 6).
QQQ bounced up off of support. I added to my holdings of $TQQQ early on Wednesday when the QQQ touched its lower 15,2 Bollinger Band. If TQQQ (same chart pattern as QQQ) hadn’t held after the Fed report, I would have sold the new shares and taken a small loss. TQQQ ended up rising +3.45% on Wednesday! Now let’s see if it can break above its upper Bollinger Band (around 116.97).
I also added some ARMH. This weekly chart shows ARMH has retaken its green line.
