It looks like the market has held nicely through the events this week that could have derailed it. I am increasing my positions again. Below is a weekly chart of ALTR, another RWB rocket stock at all-time highs.
41st day of QQQQ short term up-trend; Cautious
GMI and GMI-R are back to their maximum levels. Nevertheless, I lightened up a little until we get through this week. With the reaction to the election results coming and the Fed about to act, I am a little cautious.
QQQQ up-trend reaches 40th day; RWB: IMAX
There were 310 new 52 week highs in my universe of 4,000 stocks on Monday. One of these is an RWB stock that Judy told me about when it was in single digits–IMAX. Click on this weekly chart to enlarge.
