9th day of QQQ short term down-trend


The disengagement of tech stocks from other large cap stocks continues.   The QQQ is in a short term down-trend while the SPY and DIA are trending up.   It remains to be seen when the indexes will get in synch again.   Given the incredible air pockets showing up in stocks like CMG, GWW, IBM, GOOG and AAPL, I suspect that this is a harbinger of a weak market to come. When the leaders cannot advance, neither will the weaker stocks.

Leave a Reply

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