Dr. Wish

Since 2006 about 21% of QQQ short term up-trends have lasted for more than 44 days. We are now at the 40th day. The GMI is now back to 6 (of 6).

Tuesday gave us a high volume distribution day. IBD now calls up-trend under pressure. GMI has declined to 4 (of 6).   I will not make any new purchases right now.

The expected weakening occurred.   We could see weakness until 2nd quarter earnings start to be released.   AAPL was strong though, as it began a BB expansion. Check out this daily chart.