The QQQQ short term up-trend reached its 13th day on Wednesday. TTM is an RWB rocket stock. It has sold off from its high and may be on support. I might buy if it can get back above 31.10.
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12th day of short term QQQQ up-trend
There were 792 new 52 week highs in my universe of 4,000 stocks on Tuesday, and 40 new lows. The long and short term trends remain up.
Up-trend reaches 11th day; XEC–cup with handle break-out?
All of my indicators are positive, as the QQQQ short term up-trend completes its 11th day. With oil prices rising, oil stocks are hitting new highs. One stock at an all-time high that may have broken from a cup with handle base is XEC. See the weekly chart below (click on to enlarge). The “NA” on the chart shows when IBD wrote about XEC in their New America column of promising stocks.
