Blog Post: Day 1 of new $QQQ short term up-trend; Slowly accumulating $TQQQ; 23 stocks at ATH, see list

@ 8:21 pm
GMI2/6
GMI-26/9
T210831%

At the beginning of a new short term up-trend, it is time to look for the winners who quickly emerge to new highs. These stocks from my IBD/MS watchlist reached an ATH (all-time high) on Wednesday. They are sorted by current price/lowest price last 250 days. Note that the 2  companies with the popular weight loss drugs, LLY and NVO, are taking off. Both have doubled their yearly lows. I am slowly accumulating TQQQ as long as this new short term up-trend lasts. It is psychologically difficult for me to go long quickly at a new up-trend because we are used to the market declining. We need to focus on the the steering wheel and not the rear view mirror.

Blog Post: Day 13 of $QQQ short term down-trend; IBD calls market back in confirmed up-trend after follow through day; My 10:30 weekly charts show $QQQ and $SPY still in Stage 2 up-trends, see charts and list of 21 stocks with weekly green bar

@ 10:39 pm
GMI2/6
GMI-24/9
T210821%

Note that the 10 week average remains above the 30 week average. I am looking for this ETF to climb back above its 10 week average and for that average to turn up. For now, I remain partially invested in growth mutual funds in my university pension accounts. The gray line tracks the weekly closes.

SPY is a little weaker.

These 21 stocks had a weekly green bar last week (recent ATH and 4wk>10wk>30wk and bounced up off of rising 4 wk and 20 wk high in RS) and are worth monitoring. They are sorted by price/lowest price past 250 days.

 

The GMI= 2 (of 6) and is still RED.