Gold is holding up and the major indexes are suffering large volume down days. We must become more defensive, especially after 81 days of the QQQ up-trend.
80th day of $QQQ short term up-trend
We are closing in on the longest short term up-trend (88 days) since I began counting in 2006. QQQ measures 12/12/6/6 and remains in a RWB up-trend.
79th day of $QQQ short term up-trend; $GLD 12/6/6 rebound? $DIA 6/0/5 weak
GLD may be rebounding. It has a perfect 12/6/6 rating closing above all 12 averages.
And the DIA 6/0/5 looks weak. Be careful………….
