Good recent results with a drug regimen for treating bladder cancer.
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Blog Post: 312 new US lows, most since 334 on March 20; IBD called Market in Correction yesterday; Daily chart shows $QQQ bounced right where the TCL predicted–but will it hold?
The trend channel line (TCL) in the daily chart below predicted Monday’s bounce. QQQ also bounced up off of the 15.2 lower Bollinger Band, designated by the green daily bar. The next rally could take it to the descending trend line. The TCL must hold, or look out below……
Blog Post: Day 1 of new $QQQ short term down-trend; 29 US new highs and 180 lows; 20+ year treasury bonds, $TLT, continue to crumble as rates rise, see chart, time to go fishing…
The market cannot compete with high interest rates. Investors abandon stocks and hide in safer government debt or high yield savings accounts earning 5% or more. Only 6 stocks hit an ATH on Thursday. This is not the time to buy and hold stocks at new highs. Breakouts are failing. Jesse Livermore would go fishing or go short….
