12th day of QQQ short term down-trend; IRBT- green line break-out

GMI2/6
GMI-22/8
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We are just about through with the end of second quarter mutual fund window dressing. Next week will tell whether we have a bottom or will need to re-test the recent lows.   After 4 days down, the QQQ has retraced about 50% of the decline on very low trading volume.   I therefore think we will go back down next week, but it is better to wait to see what Mr. Market intends.

Meanwhile, XONE performed beautifully on Thursday, up +3.7%.   Another stock that Judy likes that I own, RKUS, also showed life, up +11%.   She also recently mentioned   that she likes IRBT, which broke out of a green line top on Thursday.   See this beautiful monthly chart.

IRBTmonthly

1 thought on “12th day of QQQ short term down-trend; IRBT- green line break-out”

  1. SPY has broken lower trendline within the last 2 weeks.
    First time since trend started Nov. last year.
    That would indicate uptrend has ended.

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