Blog Post: Day 49 of $QQQ short term up-trend; $QQQ, $DIA and $SPY remain in RWB daily up-trends, but there were many new lows last week; the GMI=4 and Green, see table.
However, last week Wednesday (141), Thursday (149) and Friday (130) had 130 or more new US yearly lows. On Friday there were only 86 highs. T2108 shows that only 32% of NYSE stocks closed above their 40 day averages. This market is very split with many stocks refusing to climb to new highs with the market averages. I have one foot out the door in my trading account. I am a chicken. But the old saying says to come back at Halloween!
