It pays to monitor hourly charts near end of day. Note many bounces off of lower 2.15 Bollinger band.
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Blog post: Day 43 of $QQQ short term up-trend, $POOL is the only stock to come up on my oversold bounce scan of 644 growth stocks
When the markets decline, it is easier to see potential leaders. Let’s see if the strength in POOL continues. Note the many black dot signals and its recent bounce off of the lower 2.15 daily Bollinger band, shown by green bars. I explained these signals during my recent webinar archived on the TraderLion site.
Blog post: Day 42 of $QQQ short term up-trend; Fed meets today and beware raising debt limit antics to come; treasury bonds peaked?
In my experience, the end of the month is strong, followed by weakness in the beginning of the next month. Put this together with the end of the debt limit agreement that could lead to a government shut-down, and we have a prescription for volatility. Treasury bonds (TLT) may have peaked.
