Important week for IBD 50 - Growth traders, pay attention
The IBD 50 broke out of its 7 month long symmetrical triangle yesterday on the daily time frame. How it finishes on Friday will be key for the weekly close
The false break down in July makes me more confident that we'll see follow through to the upside. A lot of growth traders / investors hold companies in this index.
Here's a link to its holdings (updated July 28 2021)
https://ycharts.com/companies/FFTY/holdings
A lot of names in there look very good - some better than others. Choose wisely.
GL
The false break down in July makes me more confident that we'll see follow through to the upside. A lot of growth traders / investors hold companies in this index.
Here's a link to its holdings (updated July 28 2021)
https://ycharts.com/companies/FFTY/holdings
A lot of names in there look very good - some better than others. Choose wisely.
GL
Comment:
