GMI: 0; GMI-R: 0; 9th day of QQQQ down-trend; Tuesday rally if FED lowers rates?

The GMI and GMI-R remain at zero.  Friday was the 9th day of the QQQQ down-trend.  There were 28 new highs and 164 new lows in my universe of 4,000 stocks on Friday. If the FED lowers rates on Tuesday we could have a massive rally.  I would be very cautious with any short positions.

Leave a Reply

This site uses Akismet to reduce spam. Learn how your comment data is processed.