Day 16 of $QQQ short term up-trend; GMI remains GREEN, see table. 25 stocks traded at an ATH on Friday, 6 were oil&gas and 4 were software firms. One software firm, PLTR, had a GLB on Friday, see daily and monthly charts and my analysis .

PLTR closed above its Green line at 207.52 on Friday on above average trading volume. To be a successful GLB, it must not CLOSE below 207.52.  Earnings are scheduled to be released on 11/2. PLTR has already doubled from its lowest price the past 250 days. PLTR has been tracking along its 5 day EMA and is now outside its upper 15.2 Bollinger Band. It may trade back at the 5 EMA.

Monthly chart shows its last GLB was in November 2024 at 44.91, not a bad place to have purchased it! I change a Green line to orange when it is surpassed by a subsequent one. I will discuss GLBs during my upcoming presentation on the MoneyShow on 10/20.

GMI is only 3 but is still on a GREEN signal. Note there were more US stocks reaching yearly new highs than lows on Friday.