Link to the TraderLion conference Saturday.
General Market Index (GMI) table
Blog post: Day 1 of new $QQQ short term up-trend, closes above 10 week average; 9 stocks near ATH with RS at 50 week high, $CI and $HRMY have GLB; Presenting at TraderLion Conference on 7/16
Stocks near all-time highs (ATHs) with RS at 50 week highs are worth monitoring. All but 2 have a flag indicating they are in my watchlist of stocks recently on IBD and MS lists. They are sorted by current price divided by price 250 days ago. CI and HRMY had GLBs on above average weekly volume, see weekly charts.
My QQQ short term indicator has turned up, U-1. As the GMI table shows, however, the longer term trend remains down. Still, all long term up-trends come after the short term trend turns up. I do not know how long this short term up-trend will last. Nobody knows. I am more confident if it reaches 5 days. Still, I will nibble at TQQQ and sell immediately if the up-trend ends. I will be presenting next Saturday afternoon at the 2nd Annual TraderLion conference. Check out Day 2 at their youtube site.
Blog post: Day 15 of $QQQ short term down-trend; I will be speaking on July 16 at the 2nd TraderLion Conference, see details
Get details about the conference from my former extraordinary student, Richard Moglen, here. I will be speaking at 2:40 PM EST. I will discuss among other topics, the GMI, monitoring the Worden T2108 indicator for market bottoms, green line break-outs (GLB) and the 10:30 weekly charts. Hope to see many of you!
