While IBD still sees the market in a correction, the GMI is on a Buy and the QQQ short term trend is now up. I remain cautious and may start buying TQQQ next week. This is one of those times when my emotions and instruments diverge. I am scared of a possible down-trend in the QQQ after the big Apple event next Tuesday.
GMI back to Buy!
IBD sees market in a correction, QQQ short term down-trend reaches 5th day, and yet GMI flashes a Buy signal! Go figure…….
GMI rebounds to 4; very cautious
Market is quite unstable. I am mainly on sideline. Tuesday was 4th day of the QQQ short term down-trend. The QQQ is right on support. This is ugly September action.