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We are just about through with the end of second quarter mutual fund window dressing. Next week will tell whether we have a bottom or will need to re-test the recent lows.   After 4 days down, the QQQ has retraced about 50% of the decline on very low trading volume.   I therefore think we will go back down next week, but it is better to wait to see what Mr. Market intends.

Meanwhile, XONE performed beautifully on Thursday, up +3.7%.   Another stock that Judy likes that I own, RKUS, also showed life, up +11%.   She also recently mentioned   that she likes IRBT, which broke out of a green line top on Thursday.   See this beautiful monthly chart.

Waiting for next week to see if this bounce holds. I noticed that YELP broke out to an all-time high on Wednesday. Check out its weekly chart.

With the GMI on a Sell signal, I am mainly in cash in my trading accounts.   No one knows if this is a dead cat bounce or a real bottom.   But this is the end-of-quarter mutual fund window dressing period.   The key is what the market does next week. Then comes second quarter earnings….

One exception is I own a few shares of XONE.   It actually hit an all-time high on Tuesday!   This is one of Judy’s picks. See the daily chart below.

Six charts came up in my new high and good earnings scan:   DWRE, WAGE, CBOE, PRXL, PRLB, ALGT. Stocks that can come through the current market decline and be at new highs are worth researching.