AAPL continues to weaken, and now the GOOG miss will exacerbate the weakness. Time to be defensive.
11th day of QQQ short term up-trend
Up-trend has barely held on. I remain very cautious and am mainly in cash in my trading accounts. Check out this interesting post on the low levels of bearish sentiment. There are too few bears right now.
QQQ short term up-trend in jeopardy; AAPL weak
If the QQQ remains down or flat on Wednesday, I will begin a new short term down-trend. AAPL remains weak and I never hold it when it closes below its 10 week average. It has done so for the past two weeks. I remain very cautious.