GMI flashes Buy signal; 1st day of QQQ short term up-trend; 3D, FB and LAD


Better safe than sorry–but I am safe and sorry.   I stayed in cash to avoid a fiscal cliff debacle.   With a GMI buy signal and a new QQQ short term up-trend in place, I will now look to wade back into the market on the long side.   But the Worden T2108 indicator, at 77%, is getting near overbought and bears watching…….

The two 3D technology stocks, DDD and SSYS,   have been very strong and also bear (bull) watching.   Facebook (FB) and LAD also bounced back strongly on Wednesday. I wrote about LAD on 12/20 when it had a green line cup-with-handle break-out to an all-time high. That break-out failed, but check out its daily chart below.

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