T2108 back to neutral; holding AMZN, NFLX


The rally continues, with 7 new highs and 106 new lows in my universe of 4,000 stocks on Thursday.   The T2108 is now out of oversold territory, at 21%.   The GMI-R is now up to 2 (of 10).   The QQQQ completed the 18th day of its short term down-trend.   This rally is still occurring within a major long term down-trend.   Two stocks that I own are AMZN and NFLX.

2 thoughts on “T2108 back to neutral; holding AMZN, NFLX”

  1. Rally continues, but only 7 new highs of 4,000. So, are you really saying that this week’s strong rally reflect long-term confidence in the market, or that people are unwinding of short trades to replace what they shorted?

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