$QQQ still in daily BWR down-trend; 11 stocks hit ATH: $AMED, $SHEN, $AXP, $MSI, $LHCG, $UNH, $OMCL, $VCRA, $GBCI, $YETI, $HELE

GMI1/6
GMI-24/9
T210843%

While IBD announces new market up-trend after a follow through day on Wednesday, the daily Guppy chart still shows a BWR down-trend. A close (dotted line) above all of the blue lines (longer averages), currently around 192, would suggest a possible change in trend. More meaningful would be if all of the red lines could rise above the blue lines in an RWB up-trend pattern.

Select stocks hitting an ATH on Wednesday: AMED, SHEN, AXP, MSI, LHCG, UNH, OMCL, VCRA, GBCI, YETI, HELE. YETI reports earnings on Thursday.

Three recent GLB stocks at ATH (all-time high): $MNRO $HELE $UAL

GMI0/6
GMI-21/9
T210833%

When the market is weak it is easier to find potential new leaders. Any stock that can come through the recent market weakness at an ATH is worth researching for purchase when the market trend turns up. Someone is accumulating them. Note each had a recent GLB (green line break-out, see glossary) and all have recent quarterly earnings up 25% or more.