My AAPL positions gained nicely. I wrote on July 11 that I was buying AAPL. I increased my position in QLD on Tuesday and transferred my university funds from money market funds to growth funds again. I am starting to buy individual stocks too. I have been learning to use the Worden TC2000 Platinum version which enables real time scanning and quotes. For the first time I can create a watchlist that shows which of my weekly, daily and hourly indicators are positive–all in real time as they change. I will be sharing some exciting new strategies soon.
Dr. Wish
Tech stocks are back, QQQ short and longer term up-trends intact; banks continue dive
Even as financials tank yet again, techs are coming back, as evidenced by AAPL, IBM and GOOG. This daily Guppy chart of the Money Center Banks Index shows that all of the short term averages (red) are below the declining longer term averages (blue), in an ominous BWR pattern.
QQQ passes 12th day of short term up-trend; buying again
In spite of all of the bad news about raising the debt ceiling, the up-trend continues. With the GMI and GMI2 each registering 5 (of 6), I must respect this up-trend. 
I do not think we would be seeing such buying in GOOG or AAPL if this market were going to enter a prolonged down phase. I began worrying about the tech stocks when AAPL could not go to a new all-time high. But it did so on Friday after consolidating for 20 weeks, and GOOG climbed almost 13% ($68). The bulls are still alive. The Worden T2108 indicator is at 55%, in neutral territory. The QQQ and SPY have spent 3 weeks back above their 10 week averages. And the QQQ now has the strong 4wk>10wk>30wk averages pattern. So, I am slowly wading back into this market.