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One of the only stocks hitting repeated ATHs is WFRD. It has great fundamentals, going from no earnings in 2021 to an estimated +.22 in 2022 and 3.00 in 2023. It is also in the oil and gas drilling support business. It has a comp rating=96 and RS=98, according to MarketSmith. WFRD has emerged from a multi-week consolidation after its GLB last October. Look at the recent above average volume and the black dot signals (bouncing from an oversold daily 10.1 stochastic). Someone is buying it. Remember, though, break-outs tend to fail in this market down-trend.

My indicators have turned extremely negative. I was stopped out of all of my very small positions in my trading account on Thursday. Without a miraculous strong up day on Friday, it appears that there will be at least a retest of the October lows. Cash is king, especially with the nice returns on brokerage money market funds to which my cash is swept. Weekly chart of QQQ shows it has failed to hold its 30 week average (red line). QQQ remains in a stage 4 down-trend.

This weekly chart shows ACLX rising to ATH on above average volume. It is a recent IPO and someone must think it is promising. This stock is worth researching. It is collaborating with Gilead on a treatment for multiple myeloma.