QQQ daily close (dotted line) is now rising above all 12 averages. Look at what Mr. Market is doing, not what you think he should be doing.
This weekly chart shows DDOG moving up. Monthly chart shows potential flag pattern which can be explosive.
Dr. Wish
Stocks with high volume GLB may rocket higher: $SITM, $FVRR, $PTON, $REGI–buy stocks breaking to all-time-highs with high volume–visible on weekly charts
Launched rockets find support at 4 week average (red dotted line). Green bars designate bounces up off of 4 week average as long as 4w>10wk>30wk. I buy after a green bar and put first stop loss below that or prior week’s low. Easy to find GLBs with TC2000.
$QQQ closes back above all 12 daily averages in my daily GMMA chart–this could be the beginning of a new up-trend
IBD said it was not a follow-through day (FTD) Monday because the volume was not large enough. Could it be that the volume was reduced because it was Yom Kippur, the biggest Jewish holiday when most Jews fast and do not work? We shall see. Anyway, the fact that QQQ has now closed back above all of the 12 averages in my modified daily GMMA chart may be significant. The daily close is shown by the dotted line. Watch for it to lead all of the averages higher. Check out this type of chart in my blog glossary.
Here is last April’s turn.
