With the T2108 at 85%, we are near the extreme overbought level that this indicator ever reaches. It looks like HITK broke out on Thursday with high volume. I bought some. See the weekly chart below. Click on chart to enlarge.
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12th day of QQQ short term up-trend; RWB rocket stock NUS
While volatile, the market up-trend has been holding. I am back into this market. I am 100% invested in mutual funds in my university pension and own the ultra long (2X) index ETF’s QLD and DDM in my trading accounts.
Stocks that hit a new high on Wednesday and have good fundamentals are: SPRD,WPZ,PII,OKS,MAT,QCOR,VSEA,ORLY,NUS. All of these have RWB rocket patterns. My students should research them for possible buys. Check out this RWB pattern for NUS. Click on chart to enlarge.
11th day of QQQ short term up-trend; NFLX entered Stage 4 in August
Short and longer term trends for QQQ remain up.
I hope none of my readers got caught long in NFLX. If you want to see why I follow Stage Analysis, look at how it alerted me to exit or short NFLX in August. It is simple, and it works! (Click on weekly chart to enlarge.) Watch the stock, not the news or the pundits!
