The markets held up on Thursday. Judy’s concept stock, N, hit a new high again. Click on chart to enlarge.
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QQQ remains in sustained RWB up-trend
The GMI and GMI2 each returned to 5 of 6. However, the QQQ (as well as the DIA and SPY) remains in a sustained RWB up-trend, as shown in the weekly chart below. Click on chart to enlarge.
All of my market indicators are positive; Judy loves “N”
Even as IBD continues to label this a “market in correction,” my indicators remain fully positive. Tuesday was the 29th day of the current QQQ short term up-trend. By the way, one of the concept stocks Judy loves, N, has just taken off. It may be a little extended now. I will watch it for a possible entry on a retracement. Click on chart to enlarge.
