Even though the markets declined Tuesday, I find no change in trend. Only 32% of the Nasdaq 100 stocks rose, compared to 21% of the S&P 500 stocks and 17% of the Dow 30 stocks. There were 155 new yearly highs and and only 34 new lows. 78% of the stocks that hit new highs 10 days ago closed higher Tuesday than 10 days earlier. And stocks in a short term up-trend rose to 56%. Tuesday was day 6 (U-6) in the QQQQ up-trend…….
Even on this weak day, GOOG managed to rise and came close to its all-time high. XWG and GLW and SWN also rose. XWG is showing some high volume up days–worth watching, especially if it breaks 14.75. (I own GOOG, GLW and XWG.)
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