QQQ had a blue dot bounce, see daily chart. Buying a little $TQQQ to hold for as long as the short term up-trend continues.
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Blog Post: Day 34 of $QQQ short term up-trend, it could end on Monday; GMI= 4 and still Green; Will indexes hold on Monday?
I am sorry but I cannot access TC2000 tonight. Indexes are oversold but on support. Monday’s action will tell us whether the markets will hold. I am in cash in my trading accounts after selling out on Friday.
Blog Post: Day 32 of $QQQ short term up-trend; 176 US new highs, 58 lows and 68 ATHs; This daily modified Guppy chart shows $QQQ in a solid RWB up-trend.
All shorter moving averages (red lines) are rising above the longer term averages (blue lines) with the closing daily prices (dotted line) leading them all higher. This is a RWB (red/white/blue) up-trend and is the case for all major indexes. This is a wonderful time to be long stocks. We should see a great earnings season.
