QQQQ holds support; 43rd day of up-trend; QSII


I always have to remember not to anticipate a change in trend, but to wait for the actual signal.   On Monday, the QQQQ went to the edge of support and held.   There were 19 new highs and 8 new lows in my universe of 4,000 stocks on Monday.   Only 3 of the new highs were on my IBD100 lists: VPRT, QSII and NPK. I have been writing about QSII for weeks.   It broke out of a three year base in April and is at an all-time high.   I own QSII. I also have a position in QLD, the ultra long QQQQ ETF.   I intend to sell cash-secured puts in my IRA in early June if this up-trend remains intact.

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