Dr. Wish

Another strong day on Friday could change the QQQ short term trend to up. The GMI signal still remains Red. The dollar continues to fall.

And is in a daily BWR down-trend.

And GLD moves up in a daily RWB up-trend.

IBD says market in confirmed up-trend after follow through day. I remain cautious until daily RWB pattern returns.

Only 39 US stocks hit new highs on Tuesday and there were more new lows than highs. I remain on the sidelines with a small position in GLD, which has closed above all of its shorter averages (red lines) and may be starting a daily RWB up-trend.