Waiting to see if the indexes hold.
Indexes up against resistance, getting very defensive
The market is at a critical juncture with many indexes right up against their declining 30 week averages (red line). Check out this weekly chart of the NYSE index. The fact that T2108 was above 80 also makes me think we may have hit a wall.
And here is the important Dow transportation average.
I am becoming very defensive again until this period is resolved.
11th day of $QQQ short term up-trend; GLB: TSE
TSE had a high volume GLB on Monday after reporting record earnings last week. Check out this daily chart.
