Markets remain in short and longer term up-trends.
Dr. Wish
2nd day of QQQ short term up-trend; AAPL cup-with-handle break out coming?
I own and am keeping an eye on AAPL, which may be forming a powerful cup-with-handle pattern. A close above 620 on volume higher than normal could be a major break-out. Take a look at this weekly chart of AAPL. The green line shows that AAPL is near its all-time peak.
New QQQ short term up-trend; GMI flashes Buy signal; Green line chart of AMGN
Monday was the first day of a new QQQ short term up-trend. The prior down-trend lasted only 3 days. This has been a very erratic market. I am more confident of a change in trend after it has persisted for 5 days. So I am slowly wading back into this market. Keeping an eye on AMGN. This monthly green line chart shows AMGN is about to break out of a multi-year base to an all-time high.
