Blog: Day 1 of new $QQQ short term up-trend; All GMI components are positive. Short and longer term trends are up. But Mag7 stocks are weak, see daily Guppy chart of MAGS.

@ 8:55 pm
GMI6/6
GMI-27/9
T210850%

I am back from a short trip. During that time the QQQ short term up-trend ended after 43 days, then began a 2 day down-trend and then started a new up-trend on Friday.  As difficult as it is for me to accept, my instruments are strongly positive. I fly by instrument. It is time to be invested long and I may buy a little TQQQ. By the way, the Mag 7 stocks do not look strong. Their daily RWB up-trend is over, see chart.

Here is the GMI table.

Screenshot

The MAGS no longer has a daily RWB up-trend. The ETF closed below all of the 12 daily averages.

 

2 thoughts on “Blog: Day 1 of new $QQQ short term up-trend; All GMI components are positive. Short and longer term trends are up. But Mag7 stocks are weak, see daily Guppy chart of MAGS.”

  1. im curious about your nightly routine. what are all the signals you look at every night that brings you to the buy/sale decisions that you make. im guessing you dont let the weekly q’s drop much below 10 ma

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