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QQQ found support at its 30 day average (solid red line) on Monday.   We will learn Tuesday whether it will hold or test the 50 day average (green dotted line) and lower Bollinger Band.

In a down day Thursday, solar stocks shined. Check out these daily charts. Perhaps this market is developing a sunny disposition….

With the Investor’s Intelligence poll showing almost 60% bulls and 67% of the Nasdaq 100 stocks having an over-bought stochastic, I am becoming more defensive in my trading accounts.