7th day of QQQ short term up-trend

GMI5/6
GMI-22/8
T210857%

The QQQ closed below its 30 week average, not a good sign.   AAPL accounts for a lot of this weakness.   But the GMI remains on a buy signal, so I am still holding a long position. When the market has been scary, people go back into the blue chip stocks in the DIA or SPY first.   Once they have profits they move back into the more speculative tech stocks.   It remains to be seen whether the tech stocks   will lead the other stocks down.

2 thoughts on “7th day of QQQ short term up-trend”

  1. Based on your explanation on the blog a couple weeks ago, I understand the logic you use for Buy or Sell status (now showing Buy), but I don’t understand the logic for the color of the triangle (now shown in red). Is there a name for the triangle indicator (e.g., antenna)?

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