Blog Post: Day 14 of $QQQ short term down-trend, but 120 US new highs, 82 lows and 27 at ATHs, see these lists, GMI still Red

@ 9:07 pm
GMI2/6
GMI-24/9
T210853%

We are now into the earnings season bounce. Many stocks hit ATHs on Friday. Here are the 16 ATHS on my IBD/MS watch list, sorted by earnings please date. The following subset had a GLB (green line break-out to ATH after a minimum 3 month consolidation) last week: TRV, CAT, CB, IRDM, LW. This list may contain some new market leaders.

 

 

These 11 are not on that watchlist but also hit an ATH:

 

The GMI = 2 (of 6) and remains on a Red signal but IBD has called a new confirmed market up-trend.

 


Blog Post: Unlike US stocks, China stocks are entering Stage 2 up-trends, post lock-down recovery? See weekly charts of $GXC and $KWEB

@ 10:43 pm
GMI1/6
GMI-22/9
T210844%

I happened to notice that BIDU and BABA had strong advances on Wednesday. So I looked at my watchlist of world stock ETFs and was amazed to find so many China ETFs above their 30 week averages and maybe beginning Stage 2 up-trends. Here are just two of many examples. Note the huge volume on some recent up weeks. Maybe China is having a postCovid lock-down recovery? It is nice to see some major stock indexes entering Stage 2.