Blog post: GMI stays Green; IBD signals confirmed up-trend; After Fed, on to likely year-end rally and end of quarter window dressing; $ANET powers to ATH, see chart
ANET had a huge gap up after earnings on November 2nd, then had a 4 for 1 split and entered a 5 week consolidation, culminating in black and green dot oversold signals. It broke to an all-time-high (ATH) with Wednesday’s rally. I have a position.
Blog post: Indicators whipsawing; New $QQQ short term down trend; GMI could turn Red on Wednesday; Daily RWB of QQQ failing, see chart
Daily RWB pattern is failing. Note last October rise where QQQ closed each day (dotted line) above all averages. That is what we are looking for in a meaningful reversal.
