After 11 straight up days in $QQQ are we surprised by a down day! Could be setting up for end of quarter window dressing and Santa Claus rally.

GMI6/6
GMI-27/8
T210880%

With the end of quarter coming it would not surprise me to see a huge end of year rally. Mutual funds’ quarterly reports will aim to show ownership  of the best performing stocks the past few months (without telling when they purchased them) .  My GMI components are all positive. Most advances begin from an oversold position, as last occurred in November. Waiting for a bounce off of a key moving average or the lower 15.2 Bollinger Band.

 

Leave a Reply

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