AAPL continues to mask weakness in tech stocks. Only 19% of the Nasdaq 100 stocks rose on Wednesday. IBD sees the market under pressure. This is a time to raise stops and hold back from new purchases. We may be into the post-earnings lull and weakness period. Beware September/October.
T2108 weakening and is at 53%; XONE to plummet
This rally is getting a little tired. Only 41% of stocks rose on Tuesday and the Worden T2108 Indicator is now at 53%. AAPL may be masking some wider weakness in stocks. Be careful. With earnings out, what can drive stocks higher? Look at what happened to XONE after earnings were released. Not a good sign. Looking for a large drop in XONE on Wednesday.
26th day of QQQ short term up-trend
I am back and there has been little change in my indicators. All indicators remain positive.