While markets remain in an up-trend, I am concerned when air pockets are found in growth stocks like PCLN and MNST and CMG. All three have gapped down big time after earnings. The market probably has further to go on the up-side but with the T2108 at 75% and with over 50% of stocks in an overbought range, I think this market is closer to a top than a bottom.
7th day of QQQ short term up-trend; AAPL to go Ex-Dividend
Buying QLD and holding some long positions. Short and longer term trends remain up. AAPL goes EX- Dividend on Thursday. Will it fall right after Thursday?
GMI and GMI2 both 6 (of 6); 6th day of QQQ short term up-trend; HFC breaks out
I am accumulating QLD. HFC is breaking out of a multi-year base. Check out this green line chart. Click on chart to enlarge.
