The long and short term market trends are down. I remain mainly in cash in my trading accounts. Many of the stocks I follow are very oversold, suggesting that we could get a bounce.
2 thoughts on “5th day of QQQ short term down-trend”
Those
I bought 2 months ago, JAZZ and GCO, remain the same price. I am sticking to them, and welcome any upward turn. Not all stocks went down since Oct, and many went zig-zagging sideways.
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How does IBD categorize this as an uptrend. No convincing volume. More like a short covering rally. Just a thought.
Those
I bought 2 months ago, JAZZ and GCO, remain the same price. I am sticking to them, and welcome any upward turn. Not all stocks went down since Oct, and many went zig-zagging sideways.
How does IBD categorize this as an uptrend. No convincing volume. More like a short covering rally. Just a thought.