Wishing Wealth - Stock Market Technical Indicators & Analysis

QQQ hasn’t closed below its 4wk avg. (pink dotted line) since this rally began in October. It will be a sign of technical weakness if QQQ closes the week below this important average.

Sym.	Date	GLB $	Now $	Chg.
FTAI	10/26/23	$34.79	$104.22	199.57%
META	1/23/24	$384.33	$625.66	62.79%
APP	9/17/24	$116.09	$270.48	132.99%
COST	12/11/23	$615.27	$964.31	56.73%
GDDY	11/22/23	$93.75	$175.28	86.97%
WING	11/15/23	$223.77	$227.12	1.50%
CAVA	4/22/24	$58.10	$84.12	44.78%
CAH	11/3/23	$95.45	$126.50	32.53%
PGR	10/13/23	$149.87	$279.82	86.71%
ANF	12/18/23	$85.77	$86.03	0.30%
MPTI	10/9/23	$21.00	$44.71	112.90%
AGX	9/6/24	$76.70	$113.80	48.37%
SFM	1/29/24	$49.45	$136.97	176.99%
CBOE	8/4/23	$138.54	$213.00	53.75%
VST	8/4/23	$27.96	$114.32	308.87%
MOD	8/3/23	$37.62	$80.80	114.78%
VRT	8/2/23	$28.80	$85.04	195.28%
PSN	8/2/23	$50.15	$60.17	19.98%
PHM	4/25/23	$63.90	$107.91	68.87%
CRS	4/23/24	$79.66	$180.28	126.31%
IBKR	2/9/24	$95.59	$192.17	101.04%
EAT	10/1/24	$78.33	$141.37	80.48%

With the $QQQ short term up-trend in its 74th day, I suspect it will end very soon. Am very defensive and holding $GLD

73rd day of $QQQ short term up-trend; $QQQ just below 4 wk avg

GMI declines to 4 (of 6); 72nd day of $QQQ short term up-trend