Many persons holding large gains may be waiting to sell in the new tax year. The market internals are terrible, with most stocks declining. I am mainly in cash or TBIL in my trading accounts and prefer to watch from the sidelines. If Tuesday leads to a new QQQ short term down-trend I will slowly accumulate SQQQ. The recent rebound in QQQ after the decline in mid-December has failed to retake the prior highs. Lower highs are not bullish. I am a chicken and prefer to buy when the GMI is 5 or 6. The GMI currently =2.
