Posted Thursday, February 21, 2013 @ 7:00 am by Dr. Wish

QQQ short term up-trend in jeopardy

GMI

6/6

GMI-2

4/6

What is the GMI?
 

WORDEN T2108

63%

One more weak day for the QQQ would begin a new short term down-trend.  Meanwhile, the GMI-2 fell to 4 and the T2108 to 63%. The market is finally reacting to the coming budget deadline. IBD now sees the “uptrend under pressure.” I am largely in cash in my trading accounts but fully invested in mutual funds in my university pension.


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