At the beginning of a new short term up-trend, it is time to look for the winners who quickly emerge to new highs. These stocks from my IBD/MS watchlist reached an ATH (all-time high) on Wednesday. They are sorted by current price/lowest price last 250 days. Note that the 2 companies with the popular weight loss drugs, LLY and NVO, are taking off. Both have doubled their yearly lows. I am slowly accumulating TQQQ as long as this new short term up-trend lasts. It is psychologically difficult for me to go long quickly at a new up-trend because we are used to the market declining. We need to focus on the the steering wheel and not the rear view mirror.
I started buying TQQQ yesterday. Small trades. Will add if continues going up. I expect a pullback for a few days then a push upwards again.