Tech stocks are back, QQQ short and longer term up-trends intact; banks continue dive

GMI4/6
GMI-24/8
T210842%

Even as financials tank yet again, techs are coming back, as evidenced by AAPL, IBM and GOOG. This daily Guppy chart of the Money Center Banks   Index shows that all of the short term averages (red) are below the declining longer term averages (blue), in an ominous BWR pattern.

Leave a Reply

This site uses Akismet to reduce spam. Learn how your comment data is processed.