29th day of QQQ short term up-trend


Short and longer term trends remain up.   T2108 (percentage of NYSE stocks closing above their   40 day average price) is backing off from extreme overbought. Continued deterioration could suggest greater weakness in indexes.   Check out this weekly chart. (Click on chart to enlarge.)


No tags for this post.

One thought on “29th day of QQQ short term up-trend

  1. Hi, JUDY, you and I are doing well with our shares of INVN. Don’t yo think it is forming a wide cup? It has gone up 45% up since I bought it. One month ago, Dr. Wish said he will start looking at INVN once it reaches abt $22 (when a cup is formed)

Leave a Reply