25th day of QQQ short term up-trend; beware September


The GMI and GMI2 are each holding at 5 (of 6) and the last GMI signal was a Buy on July 30. Note, however, that only 22% of the Nadaq 100 stocks closed with their MACD above its signal line, a sign of short term weakness. I am a little concerned that we are in September, the worst month for the market. Let’s see if AAPL can lead the techs higher. Only three stocks came up in my new high with great fundamentals scan:   CAB, TCBI, CCI.

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