45th day of QQQ short term up-trend; V pops–on way to Bollinger Band expansion?

GMI3/6
GMI-23/8
T210833%

The DIA and SPY are weaker than the QQQ. The QQQ remains in a long and short term up-trend.   But the GMI-2 is only 3 (of 8) showing that my very sensitive short term indicators have weakened.   It remains to be seen whether this will lead to a bigger decline.   With end of quarter window dressing not far away, I expect any weakness early in the week to end with a pop higher.   I will be looking for formerly strong stocks and indexes in a confirmed up-trend that become oversold and then turn up…

Meanwhile, V, popped to an all-time high last week on huge volume and I took a small position.   After a shake-out below its 30 day average (red line), V surged, rested, and then closed Friday above its (15,2) Bollinger Band.   We might see a Bollinger Band expansion this week. It also looks like a possible cup and handle break-out.

Vdaily12132013Here is the GMI table:

GMI12132013

 

2 thoughts on “45th day of QQQ short term up-trend; V pops–on way to Bollinger Band expansion?”

  1. Hypothetically. if you were a bull or bear, what percent would you be today? This is based on a 100% scale.

    Thanks Doctor

    Bruce

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