All of my indicators are negative. As I define the trend, the QQQ is now in a short term down-trend. I am in cash or short. T2108 is at 26%, not oversold enough to suggest a bottom.
GMI is down to 1, GMI2=0; mainly in cash
The QQQ short term up-trend will end if the index closes below 57.54 again on Wednesday. The T2108 is at 24%, not yet in extreme oversold territory where most large declines end. I am largely in cash in my trading accounts with a small short position. My university pension money is still in the growth mutual fund, primarily because I do not want to be penalized for market timing. If I could easily get out, I would reduce my positions.
23rd day of QQQ short term up-trend; DIA and SPY oversold?
Six of nine growth stock leaders gained on Monday. DIA and SPY have oversold stochastics. Critical test of QQQ up-trend is imminent.