One more up day will begin a new QQQ short term up-trend. I am about to wade into QLD or TQQQ. The market has refused to weaken.
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26th day of $QQQ short term down-trend
The QQQ is holding up and could be turning up. I am out of my position in QID and am on the sidelines, ready to go long if I get the signal. One must not marry a particular scenario. Let the market show itself. IBD still sees the market in a correction.
25th day of $QQQ short term down-trend
The QQQ closed above its 30 week average on Monday. Can it hold through Tuesday? I am ready to move out of mutual funds if it cannot .