Stock Market Technical Indicators & Analysis
If you had problems on Monday signing up for my TC2000 Club to access some of my scans and watchlists, please email me at ew@wishingwealthblog.com. I will then send you the link.
As you know, I like to buy stocks breaking out of their green line tops (GLB) to an all-time high. On my site you can see the performance of a selection of recent GLB stocks. Here is the latest table:
This weekly chart of Z shows that Z has resumed its up-trend after a 14 week consolidation where it found support at its Green Line Break-out (GLB) ands its 30 week average (red line). The resumption of its advance came on weekly volume that was 2X greater than its average volume over the past 50 weeks.
I am slowly accumulating the 3X bullish QQQ ETF. this leveraged ETF strives to move three times as much as the QQQ. So far this week QQQ is up +1.4% and TQQQ is up +3.9%. Note–TQQQ also declines 3X as much as QQQ!
WB, a strong performer since its GLB last MAY, bounced up on Tuesday with its highest daily volume in months. This may mark the resumption of its strong up-trend after its recent consolidation.
