10th day of $QQQ short term down-trend; counter-trend rally Monday, May 9, 2016 @ 8:27 pm by Dr. Wish GMI3/6 GMI-23/9 T210859% Let’s see how long this counter-trend rally can go. Here is the daily chart of QQQ:
9th day of $QQQ short term down-trend; over-sold bounce coming? Sunday, May 8, 2016 @ 7:24 pm by Dr. Wish GMI2/6 GMI-22/9 T210862% All of the major indexes I follow have over-sold 10.4 daily stochastic readings (<20) . I suspect we are about to get a short bounce within this longer term down-trend. I remain mainly in cash.
8th day of $QQQ short term down-trend, riding $SQQQ Thursday, May 5, 2016 @ 10:33 pm by Dr. Wish GMI2/6 GMI-21/9 T210859% On sidelines mainly in cash, with a little SQQQ (3X leveraged inverse ETF of QQQ). See daily chart of SQQQ below–it rises as QQQ falls.