Stock Market Technical Indicators & Analysis
OLLI had a GLB to an ATH in November and retested the green line twice before beginning a sustained rise. Its daily RWB chart is perfect with all daily (and weekly) moving averages lined up, 12/12/6/6. OLLI reports on June 7. See my glossary for definitions.
I have been writing about SQ for some time. My webmaster son really likes their products. I should listen to his stock picks more often! Note the large volume GLB to an ATH (all time high) last February. SQ reports earnings tomorrow.
This daily chart shows that SQ is in an RWB advance with great technical values: 12/6/6. (See glossary for definitions.)
Many of us spend our time trying to anticipate the market’s turns. A true trend follower merely waits for Mr. Market to reveal his intentions and then responds appropriately. These charts shows that the QQQ, SPY and DIA remain in daily RWB up-trends. More impressive is that all three ETFs also have perfect 12 weekly RWB patterns.Why not just ride them?
The GMI remains Green and at 6 (of 6).
