QQQQ short term up-trend in jeopardy, completed 41st day


My technicals have weakened significantly.   There were only 7 new highs and 8 new lows in my universe of 4,000 stocks on Thursday. The QQQQ short term up-trend, now in its 41st day,   will end if the   index cannot hold current levels.   QQQQ is riding right on support.   Meanwhile, the Worden T2108 indicator is now below 90%, after several weeks above that level. Options expire Friday, and I will wait for June 1 to write new puts if the up-trend holds.

Leave a Reply

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