The vicious high volume break in the tech stock short term up-trend is a major sign of weakness.  The GMI is down to +2, for the first time since the decline last November. This is not the time to be brave; I must conserve my capital.  I will lighten up this week, move up my [...]

Thus far,  tech stocks, as measured by the ultra 3X ETF, TYH, are declining within the channel I have been watching for several weeks.  The question, which my stock buddy, Judy, raised when I first posted the channel was, will the bottom of the channel hold as it has in the past?  No one knows.  [...]

The GMI is still at 6 although the more sensitive GMI-R has declined to 8.  Still, there were 185 new highs in my universe of 4,000 stocks on Friday.  The Worden T2108 Indicator is now at 76%, within neutral territory and down from the high of 84% last week.  But only 41% of the Nasdaq [...]

It looks like TYH, the ultra 3x bull tech ETF, has begun its 5th decline after hitting the top of its short term channel. The longer term trend remains up.

All of my indicators are still in up-trends, with the GMI at 6 and the GMI-R at 10.  The Worden T2108 indicator is at 83%, not far from the highest levels that it typically gets to, around 90%. I continue to hold QLD and a few other individual stocks. Meanwhile, the QQQQ has completed the [...]

The TYH tech 3X  ETF is still coming down from the top of its short term channel. T2108, at 81%,  is getting close to over-bought territory.

I thought you might like to see why we may be at the beginning of a short term decline in the tech stocks.  TYH is the 3X ultra long tech ETF and it appears to be in a rising channel.  TYH  recently hit the top of the channel, which  has been followed by a decline [...]