Wednesday was the 3rd day of the new QQQ short term down-trend. If the GMI remains below 3 on Thursday, it will flash a sell signal. The T2108 is at 52%, a long way from oversold territory. IBD sees market in correction
Dr. Wish
GMI declines to 3
Tuesday was the 2nd day of the new QQQ short term down-trend. I am in cash in my margin account.
New QQQ short term down-trend
With AAPL sinking, the QQQ short term trend reversed again. Time to go to sidelines and enjoy the action from a safe distance. I remain invested in mutual funds in my longer term university pension.