Still mainly in cash with a few longs. I am watching a possible head and shoulders top formation in the QQQ weekly chart. I will exit all if the QQQ closes back below 10 week average (blue dotted line). Click on weekly chart to enlarge.
Dr. Wish
Tuesday was 9th day of QQQ short term up-trend
It looks like the debt raising crisis is over. So, with my market indicators largely positive, I am going to tiptoe back into this market.
QQQ short term up-trend still intact
But at least my university pension is largely in cash right now. I can sleep a little better.