But the QQQ remains in an RWB up-trend!
42nd day of $QQQ short term up-trend; $AAPL continues to weaken
Head and shoulders top pattern still intact. Check out this weekly chart of AAPL. (Click to enlarge.) Note the declining 30 week average (red line). Is AAPL topping out or am I out on a thin limb? Bears love to devour fallen apples…..
Dollar in RWB up-trend, oil in BWR down-trend–I trade with the trend
UUP, the dollar ETF, is in a renewed RWB up-trend, likely reflecting higher interest rates in the U.S.
In contrast, oil, measured by USO, remains in a BWR down-trend.
The GMI is back to 6 (of 6).
Happy Thanksgiving—will post next on 12/2.