23rd day of $QQQ short term down-trend; $LNKD and $DATA telegraphed weakness long before today’s rout


Nice to be in cash. LNKD next leader to crumble today. Even before today, this weekly chart shows that LNKD was a failed green line break-out (GLB) and trading below its critical 30 week average (red line). It also was beginning a BWR down-trend. None of my students would have been holding it!

Screen Shot 2016-02-05 at 6.08.21 AM

Screen Shot 2016-02-05 at 6.12.35 AM

As did DATA:

Screen Shot 2016-02-05 at 6.15.32 AM

Ignore the technicals at your own risk…….

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