The QQQ failed to hold its critical 30 day average on Thursday. Its short term down-trend remains intact. There is still a divergence between the QQQ and the SPY and DIA. We will know soon which group is leading the market.
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8th day of $QQQ short term down-trend
Tech stocks, as measured by the QQQ short term, are still lagging. But the GMI is at 5 and on a Buy signal.