New $QQQ short term down-trend begins; mainly in cash


Markets look very weak.   I am mainly in cash in my trading accounts.   I guess we will see AAPL break out of its channel–to the down side, on Tuesday. With the leaders wounded, the rest of the market is in for trouble.   Remember, however, 41% of the 51 down-trends since 2006 lasted five days or less.   I own a little SQQQ (3X inverse QQQ ETF) and will add more   if this down-tend continues. Another day with the GMI less than 3 will lead to a GMI Sell signal.

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