5th day of $QQQ short term down-trend; GMI got me out and $SQQQ soars

GMI1/6
GMI-20/8
T210822%

The GMI turned Red at the close on October 12. Since then the QQQ has declined -2.87% along with 64% of the NASDAQ 100 stocks and  67% of the S&P500 stocks. Meanwhile the SQQQ has increased +8.8%. I rest my case.

screen-shot-2016-11-03-at-10-24-15-pm

But beware–the put/call ratio=1.18.

1 thought on “5th day of $QQQ short term down-trend; GMI got me out and $SQQQ soars”

Leave a Reply

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

%d bloggers like this: