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I explained my Blue Dot of Happiness setup at the Boston IBD Meetup on May 21. Note that a blue dot also occurred at the April bottom. The one in March failed. $QQQ could have a GLB this week. So many stocks are breaking out. CRDO had a GLB on Tuesday, see daily chart. So did $PWR. If I buy a GLB, I sell immediately if it closes back below the green line.

I tweeted out the GLB intraday. Follow me on X: @WishingWealth.

Better for me to focus on the market’s movement  rather than the news. I am slowly moving money off the sidelines and back into mutual funds in my university retirement accounts. I know I am late, but nearing retirement,  I am a chicken.

My modified Guppy chart shows 12 exponential moving averages and a one period simple average (dotted) that represents the current close. A RWB up-trend has all six shorter averages (red) rising above the longer averages (blue) with a white space separating them. A BWR down-trend is the opposite pattern. AAPL has been in a daily BWR decline most of the time since early March. Compare NVDA to AAPL The purple dots show the lows of each day. Note in a RWB up-trend the blue dots are rarely below the red lines. I love the Guppies and I do not kill or eat fish. The Australian technical analyst Daryl Guppy created the original Guppy charts.

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