Saudi Arabia stocks higher at close of trade; Tadawul All Share up 0.01%
Saudi Arabia stocks higher at close of trade; Tadawul All Share up 0.01%
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Blog Post: Day 1 of new $QQQ short term up-trend; GMI=5 (of 6), see GMI Table; Daily XAVG 5 is the indicator of rockets, see $SMCI in 2024 and $SLV in 2025 as examples.
I have found that the 5 day exponential moving average, XAVG 5, is an excellent indicator of a climbing rocket. I I scan for stocks with a a recent GLB (green line break-out at an ATH) that are riding their XAVG 5 (purple dotted line) higher. Study these examples of SMCI and SLV and then…
Blog Post: Day 11 of $QQQ short term down-trend; $QQQ remains in a downward channel, see yesterday’s post; $AAPL has a failed GLB again, see its daily chart and the weekly chart of $NVDA
QQQ continues to decline within the downward sloping channel I described in my post last night. Another sign of potential weakness is the fact that AAPL closed Thursday again below its green line. AAPL had a GLB on 11/29. The green line top was at 237.23. After a recent GLB failure, the attempt to stay…
