25th day of $QQQ short term up-trend; $MTSI: green line break-out

@ 7:29 pm
GMI6/6
GMI-26/9
T210866%

Next week we should see strength in the leaders as we get to the end of second quarter and mutual fund window dressing.

MTSI had a green line break-out to an all time high on Tuesday. Check out this weekly chart. (I bought some.)

MTSIweeklyA recent IPO that forms a multi-month base and then breaks to an all time high can be a winner. If it falls back below the green line, I exit.

2 thoughts on “25th day of $QQQ short term up-trend; $MTSI: green line break-out”

  1. Dr. Wish, am I looking at this correctly? The QQQ Daily 12/26/9 MACD Histogram was 0 (Monday) and it was -0.04 (Tuesday). Wouldn’t these two values make Factor 7 of the GMI2 “NO”? This would mean that the GMI2 would be 6 since Factor 8 is also “NO”. Is that what you see when you look at the QQQ Daily 12/26/9 MACD Histogram?

    Thanks in advance for your comments.

Leave a Reply

This site uses Akismet to reduce spam. Learn how your comment data is processed.