21st day of QQQ short term up-trend
We could see some weakness as earnings season ends.
Comments ( 3 )
Michael added these pithy words on Fri, 2-1-13 at 10:11 amMr. Wishing in your world of stocks, since Jan 1 what are the stocks and ETFs that have moved the most?
Vince Dubois added these pithy words on Fri, 2-1-13 at 2:51 pmDr. Wish
First off I enjoy your blog very much.
My comment/question:
I’m surprised at the sudden leap in the market today after what appeared to be a weakening market.
The market appeared overbought (according to your own indicators), and the number of stocks advancing declined sharply in the past few days.
I was getting ready to try and take advantage of this today until I saw the futures this morning; I chose to sit out and see if initial indicator was a bluff–it wasn’t.
I can’t believe the market shot up because the of employment news; It wasn’t that great. I seen the market advance on bad news and drop on good news so I know there is no rhyme or reason…
My question: was there anyway to see this coming? Did you have a sense of the advance in your crystal ball? Thanks!
Chris added these pithy words on Fri, 2-1-13 at 10:18 pmHey Vince don’t fret. This is a bluff. It’s only matter of time the markets will collapse. Many indicators are showing weakness although price is drifting up, such as macd, RSI, etc. patience needs to be excercised here.
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