So many failed break-outs, $QQQ-head and shoulders top?

Tuesday, March 5, 2019 @ 8:37 am by Dr. Wish

GMI6/6

GMI-25/9

T210874%

With so many failed break-outs could the QQQ be setting up for a head and shoulders top? Check out this weekly chart.

2 thoughts on “So many failed break-outs, $QQQ-head and shoulders top?”

Reg

Tuesday, March 5, 2019 at 7:49 pm

I took a closer look at your above weekly QQQ chart – and the 30 week MA still appears to point downward. Is this what you are seeing as well?

Oddly though, when I chart this same graph on Yahoo Finance Chart – the 30 week MA looks like it’s slowly heading upwards.

thoughts?

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SM

Wednesday, March 6, 2019 at 8:14 am

Failed BOs?

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Selected stocks that have had a successful recent Green Line Breakout (GLB). One can really profit by buying stocks breaking out to all-time highs after a consolidation of 3 months or more, my GLB Setup.

Sym.	Date	GLB $	Now $	Chg.
UBER	1/25/24	$64.05	$69.20	8.04%
META	1/23/24	$384.33	$481.07	25.17%
SMCI	1/19/24	$357.00	$713.65	99.90%
COST	12/11/23	$615.27	$709.51	15.32%
GDDY	11/22/23	$93.75	$120.12	28.13%
WING	11/15/23	$223.77	$347.37	55.24%
ELF	1/8/24	$139.85	$156.73	12.07%
CAH	11/3/23	$95.45	$108.19	13.35%
PGR	10/13/23	$149.87	$214.69	43.25%
ANF	12/18/23	$85.77	$110.36	28.67%
MPTI	10/9/23	$21.00	$23.90	13.81%
PANW	8/21/23	$213.61	$277.71	30.01%
NVO	8/8/23	$86.49	$122.71	41.88%
CBOE	8/4/23	$138.54	$180.85	30.54%
VST	8/4/23	$27.96	$65.66	134.84%
MOD	8/3/23	$37.62	$83.69	122.46%
VRT	8/2/23	$28.80	$75.01	160.45%
PSN	8/2/23	$50.15	$77.49	54.52%
PHM	4/25/23	$63.90	$105.43	64.99%

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2 thoughts on “So many failed break-outs, $QQQ-head and shoulders top?”

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