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Blog Post: Day 15 of $QQQ short term down-trend, it may end Wednesday; IBD calls Market in Confirmed Up-trend after follow through day
Just when so many pundits thought tech stocks were finished, the market may have proved them wrong. QQQ retakes 30 day average. (also 4week and 10 week, not shown)
Blog Post: Day 12 of $QQQ short term down-trend; 51 US new highs and 58 lows; $QQQ stalls at 30 day average and declines on higher volume
30 day average is solid red line. QQQ has advanced on only 3 of last 10 days. Hiding in cash and SQQQ, which rose +6.7% on Thursday. On to the Fed speech on Friday.
