Wednesday was 7th day of QQQ short term up-trend; COST strong


In spite of the AAPL decline, it looks to me that the QQQ is in the beginning of an up-turn.   A close of the QQQ below 56 would change my assessment. Meanwhile, GLD would appear to be topping if it closes below 156.

COST (Costco) appears to be in a strong Stage 2 up-trend, as long as it remains above $79. (Click on chart to enlarge.) The weekly GMMA shows it to be an RWB stock and emerging from a base. I own COST.

Leave a Reply

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