3rd day of $QQQ short term up-trend

GMI3/6
GMI-27/8
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QQQ regained its 10 week average but we are not out of the woods yet.   Still, the QQQ held steady on Monday, perhaps reflecting continued strength in AAPL. Here is an update of last night’s daily chart of QQQ. The QQQ closed Monday just above the top channel line. Meanwhile, the GMI fell below 4 again.

QQQdaily05052014

 

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