Stock Market Technical Indicators & Analysis
Dr. Wish Friday was 42nd day of the $QQQ short term up-trend. T2108 is about as high as it gets, but does not signal tops, only bottoms. Very important that QQQ hold its green line, at 237.47. Note that QQQ has closed above its 4 week average (pink dotted line) for 10 straight weeks. A weekly close below that average could indicate weakening of this strong up-trend.
GMI remains Green and at 6 (of 6).
I told you I love to buy things at Chewy for my newly inherited mini labradoodle. Chewy has competitive prices and outstanding customer service. They report earnings on June 9 and probably have benefited from online commerce. I have a position. Note the 2 green dot signals at the perfect time. (There are also several black dot signals, which tend to occur sooner.) I have defined green dot signals but am not ready to release the black dot details, which I am still testing.
