With the p/c ratio=1.10 the market may bounce again on Friday.
I have been buying DBC, the commodity tracking index ETF. This weekly chart is showing a new Stage II up-trend. I will hold DBC as long as it holds its 30 week average (red line).
Dr. Wish
$QQQ, $DIA and $SPY in RWB up-trends; GLB: $MB; 9th day of $QQQ short term up-trend;
I have to buy this market. The QQQ is in a strong red/white/blue, (RWB) up-trend with all of the shorter term averages above the rising longer term averages with a white space between them. All three index ETFs (QQQ, DIA, SPY) are showing RWB patterns. I have been accumulating TQQQ, the 3x leveraged bullish QQQ ETF.
This weekly chart shows MB had a GLB this week on above average volume. The weekly volume is on track to reaching the highest since it came public in June, 2015 (not shown below).
8th day of $QQQ short term up-trend; GLB: $GIMO, $HZN rising
GIMO, a GLB stock from late July, keeps rising on above average volume.
As is HZN
