Dr. Wish

With the   30 day average of the QQQ remaining flat, I am only a little long in my trading accounts.   Friday could be a volatile day, with the release of the jobs report and I am not taking many chances.   I am also concerned that the market leader, AAPL, has stalled after releasing terrific earnings. Click on daily chart of AAPL to enlarge.

While the GMI still indicates a buy signal, the QQQ short term trend is still down and its moving average is flat and therefore prone to whip-saws.   I am only cautiously bullish.

AAPL is hurting the indexes.   The QQQ short term down-trend reached its 11th day on Monday.   I am modestly invested long in my trading accounts and 100% invested in mutual funds in my university pension. Nevertheless, the GMI buy signal is still in place.