23rd day of $QQQ short term up-trend


The past 3 days there have been only 68, 64 and 51 new 52 week highs. This is not a market for profiting from buying stocks at new highs. The put/call ratio on Wednesday was 1.03, suggesting we may be getting close to a bounce. But a lot of my break out stocks have failed to continue their rise. I am getting stopped out and more defensive.

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