13th day of $QQQ short term up-trend; Join me at the free online Long Island Stock Traders meet-up this Wednesday evening; $UPST oversold

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GMI-27/8
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Thank you for the many nice comments about my last Saturday’s presentation at the TraderLion first annual conference. You may go to their site to view the recordings of all of the great speakers. This Wednesday at 7:30 PM I will present at the Long Island Stock Traders meetup. You may register for this free event. I will have 2 hours to talk and should have time to go deeper into my TC2000 set-ups and to answer questions.

A recent IPO I have been watching, $UPST, now has a very oversold 10.1 stochastic (6.52) and a low 10.4 stochastic (14.73). It is also on its lower daily 15.2 Bollinger Band.  I am waiting for a move up (black dot signal) or a cross of the fast stochastic (red) over the slow (blue) which is my green dot signal. If I should buy, I will place my stop below the low of the bounce, currently around 120. However, unless this market moves up quickly, UPST may need to consolidate more. Here are its daily and weekly charts. See you Wednesday….

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