Blog post: GMI turns Green; $QQQ short term down-trend likely to end on Monday; GLBs last week to ATH: $CRM, $EVR, $APP, see weekly charts.

GMI5/6
GMI-25/8
T210857%

I especially like APP because it is a recent IPO and has strong fundamentals. According to MarketSmith, it will move to profitability this year and then is estimated to have earnings up 215% in 2022. Last quarter’s eps +167% and sales +123%. Funds only own 13% of shares. Worth watching now that it has had a GLB.  Earnings due 10/28.

 

SPY has now closed above its 10 week average.

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