25th day of $QQQ short term up-trend; bonds finally breaking down and dollar rises

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The 20 year treasury bond ETF, TLT, is now entering a Stage IV decline. Interest rates are on the rise and this is never good for the market.   People will be able to earn more from savings deposits and will be less likely to invest in stocks.

Screen Shot 2015-11-08 at 10.28.00 PMAnd the rising rates will cause the dollar to rise in value, thus hurting multi-nationals when they convert their overseas earnings back to dollars. U.S. goods will also cost more in foreign countries. Check out this weekly chart of UUP, which is an ETF of the dollar…

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