All of the major indexes I follow have over-sold 10.4 daily stochastic readings (<20) . I suspect we are about to get a short bounce within this longer term down-trend. I remain mainly in cash.
8th day of $QQQ short term down-trend, riding $SQQQ
On sidelines mainly in cash, with a little SQQQ (3X leveraged inverse ETF of QQQ). See daily chart of SQQQ below–it rises as QQQ falls.
7th day of $QQQ short term down-trend
GMI issues Sell signal. I am mainly in cash.