AAPL and BIDU had large volume intraday declines but closed well off their lows. Such “air pockets” could be a sign of weakness to come. However, their daily and weekly up-trends remain intact for now. Tuesday was the 16th day of the current QQQQ short term up-trend. During this up-trend the QQQQ has gone up 8%, while the QQQQ ultra long ETF (QLD) has risen 17%. In the same time period, HWK has risen 18%. HWK is an RWB stock I have been following for quite a while. It has been on my cumulative IBD100 list since August. I do not own it. (Click on weekly chart to enlarge.) RWB rocket patterns were explained in my Monday post.
