$QQQ short term up-trend likely to end on Friday

@ 10:52 pm
GMI-26/9
T210860%

The divergence between the GMI and the GMI2 is troubling. While the longer term components of the GMI are all positive (6 of 6) only 1 (of 8) of the more sensitive components of the GMI2 are positive.The SPY and DIA were holding up but the QQQ was in a free fall on Thursday.The QQQ has now closed below its 10 week average. It is  likely that the QQQ short term up-trend will end on Friday, after only 9 days. I am getting very defensive but am aware that early December weakness could set up a strong end of quarter surge fueled by mutual fund window dressing at the end of the month.  Check out this daily chart of QQQ.

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7th day of $QQQ short term up-trend; access my TC2000 scans; GLB: $ESNT

@ 10:28 pm
GMI6/6
GMI-27/9
T210863%

A number of you emailed me to request this link to get to my TC2000 Club. If you click on this link you can sign up to access in your TC2000 library some of my scans and watchlists. Note that the scan labeled 11262016weeklyconsolbrkout will produce results mainly near  the end of the week because it requires a stock to have traded more than its average weekly volume. I typically use this scan on Friday or the weekend to find stocks breaking out of a consolidation.

I tweeted recently that I thought ESNT was having a GLB. It looks like this break-out to an all-time high is holding.

screen-shot-2016-11-29-at-10-26-10-pm