All the shorter term averages (red) should be rising above the longer term averages (blue) with a white space separating them. BWR down-trend is the opposite.
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Blog post: More new highs than lows 70/24; Scan finds 4 at ATH and in strong weekly up-trends: $ZIM, $COP, $MATX, $ABC; see weekly charts
COP has earnings this week. Note recent GLB (green line break-out to all-time high, ATH).
Blog post: Day 17 of $QQQ short term down-trend; $QQQ remains in daily BWR decline; IBD calls FTD and resumed up-trend; Link to last week’s AAII webinar in blog
Go here to see my AAII Eastern Michigan webinar last week.
FTD= IBD follow through day. Therefore IBD thinks this rally has legs.