To remain a successful GLB, TM must not close below its green line @213.74 peak reached in January, 2022. Note the huge gap open Tuesday.
Blog Post: Day 18 of $QQQ short term up-trend; only 31% of US stocks and 56% of Nasdaq 100 stocks rose on Friday and T2108 declined=weakness under the hood
My scan found only 2 growth stocks having oversold bounces with blue dots on Friday (WSM and MUSA). I will ride my strong stocks but wait for more stocks with blue dots to appear to make new buys. The strong AI related stocks may be masking weakness in the general market. The GMI remains Green and registers 6 (of 6).
Blog Post: Go to my blog to get the link to the recording of my presentation to the Northern VA IBD Meetup last week; I provide an overview of my university course’s content
Here is the link to my presentation to the Northern Virginia IBD Meetup.
Join this meetup to receive excellent training from Vas Madhava.
