Better for me to focus on the market’s movement rather than the news. I am slowly moving money off the sidelines and back into mutual funds in my university retirement accounts. I know I am late, but nearing retirement, I am a chicken.
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Blog Post: Day 38 of $QQQ short term up-trend; My modified Guppy chart shows $AAPL to be in a daily BWR decline since March, see chart and compare to $NVDA. Wise to view the daily Guppy chart before trading.
My modified Guppy chart shows 12 exponential moving averages and a one period simple average (dotted) that represents the current close. A RWB up-trend has all six shorter averages (red) rising above the longer averages (blue) with a white space separating them. A BWR down-trend is the opposite pattern. AAPL has been in a daily BWR decline most of the time since early March. Compare NVDA to AAPL The purple dots show the lows of each day. Note in a RWB up-trend the blue dots are rarely below the red lines. I love the Guppies and I do not kill or eat fish. The Australian technical analyst Daryl Guppy created the original Guppy charts.
Screenshot
Blog Post: Day 36 of $QQQ short term up-trend; But what are all of these high volume down days = distribution, telling us? See daily chart with arrows. Can $QQQ close above the green line to an ATH?
SPY shows the same pattern! Are the big boys unloading? Futures are down tonight. Be careful. If we get a GLB, I will become bullish.
