Blog Post: Day 6 of $QQQ short term up-trend; $QQQ. $DIA, $SPY, $IWM retake their 10 week averages! Keeping an eye on $UBER, see daily and monthly charts

UBER is above it last green line but just below its ATH of 87, see monthly chart. I did not draw a new  green line at 87 because the GLB (green line breakout) did not hold. Notice how UBER stopped in February at the green line and broke through on Friday, see daily chart. Be careful, earnings are expected on May 7. Last February, UBER took off with earnings. Will it repeat this week? Holding through earnings is risky and a gamble. Note the blue dot signals, to be explained at my free Boston IBD Meetup presentation on 5/21. Register in advance when they release the meeting link and you will also receive the session recording.

GMI=4 and could turn Green on Monday. This rally could still end after earnings season. Bottoms often occur in October. Until then, I ride the up-trend, a little.  But I remain largely on the sidelines until the Stage 4 down-trend in the indexes should end.

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