7th day of $QQQ short term down-trend; 100% in cash

GMI1/6
GMI-22/8
T210820%

The GMI remains on a Sell signal and I am 100% in cash.  The major indexes are in Stage IV Weinstein down-trends. I see no reason to be in this market except on the short side. But the holiday season is a nice time to just take a break from trading. The NYSE is in a BWR down-trend. Note the transition from an RWB up-trend to a BWR down-trend.

NYSE12202015

The Dow Jones 20 Transportation index looks even worse.

DJ2012202015And the SPY is not far behind.

SPY12202015

And then there is the wounded leader, AAPL.

AAPL12202015To survive in this business, one must protect capital and not fight the trend…..

GMI12182015

Leave a Reply

This site uses Akismet to reduce spam. Learn how your comment data is processed.