• Wed. Feb 8th, 2023

Blog Post: Day 27 of $QQQ short term up-trend; 55 US new highs and 165 new lows; 3 GLBs Tuesday: $TMDX, $DEN, $CELH, see charts and list of 13 at ATH

ByDr. Wish

Aug 24, 2022
Blog Post: Day 27 of $QQQ short term up-trend; 55 US new highs and 165 new lows; 3 GLBs Tuesday: $TMDX, $DEN, $CELH, see charts and list of 13 at ATH

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I am 100% cash in my accounts. I do not like the fact that the major indexes are now below their declining 30 week averages. There were only 13 stocks that traded at all-time-highs (ATH) on Tuesday and 3 of them were green line break-outs (GLBs). Here are the 3 GLBs. If any closes below their green lines, I would sell immediately. CELH had the best pattern with above average volume. Remember, in a weak market GLBs and other break-outs tend to fail.

Here are all 13 stocks at an ATH, ordered by change since a year ago.

 

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Image and article originally from www.wishingwealthblog.com. Read the original article here.