With the new QQQ short term up-trend I am accumulating a little TQQQ. If this up-trend lasts, TQQQ is the way for me to ride it. TQQQ beats most stocks in an up-trend. The last QQQ short term up-trend lasted 42 days and TQQQ rose +34.9%, beating 95% of the Nasdaq 100 stocks and 99% of the S&P 500 stocks. I will feel more confident of it if the up-trend reaches 5 days. With earnings season upon us, I think there is a good chance that it will. If it fails I will exit immediately.
Meanwhile here is the list of stocks on my IBD/MS watchlists that reached an ATH on Tuesday. The list is sorted by the last column, which measures today’s close/close 250 days ago. KGS did not exist 250 days ago and therefore returned a null result. Note that NVDA leads the pack, having more than tripled.
Dr. Wish, you mention you will exit immediately the TQQQ if it fails. What are you looking for to know if it fails?