This short term QQQ up-trend looks like it is getting very tired. I am looking for a decline in the QQQ, especially once AAPL reports earnings next week….
An extraordinary show of strength has become evident in the shares of GD. GD recently had a green line break-out to an all-time high when it surpassed its peak reached in 2008. Even after Wednesday’s break-out, GD rose again on extraordinary volume on Thursday during a down market. Check out this daily chart of GD. (I have a small position in GD.)