Day 11 of $QQQ short term down-trend; Modified Guppy charts show that GOOGL and INTC should have been exited long before their current earnings swoons.

@ 10:29 pm
GMI3/6
GMI-23/9
T210848%

I urge everyone to check out my modified Guppy chart (F5) to assess their stocks’ short term trends. I would never hold any stock in a daily BWR down-trend, especially near earnings. You can get my 5 major chart patterns, including the modified Guppy chart (F5) by subscribing to Deepvue. Learn how I use these charts by reviewing my recent Money Show presentation.

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I am so sorry for traders that get caught in these down-drafts. Look at what happened to INTC after earnings release tonight. This chart includes the after market decline. Focus on the stock’s behavior to alert you to probable bad or good news.

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Day 6 of $QQQ short term down-trend; I hope you were in cash; Very mixed market, T2108 rises to 41% and there were 164 US yearly highs and 51 ATHs, the most since mid-August. 10 of the ATHs were in insurance and 9 were banks; MA and V keep hitting ATHs. Tech stocks, though, are being bludgeoned. Thus, SPY is holding up bettter now. My MoneyShow presentation about GLBs is now available, see the tab at the top of my blog page for a discount to get Deepvue and my “F” charts.

@ 8:04 pm
GMI1/6
GMI-24/9
T210841%

You can see my MoneyShow presentation here. I explain GLBs, blue dot signals and Guppy charts.

The GMI=1, only because there were more than 100 new highs.   Compare the modified Guppy charts for QQQ and SPY.

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