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Blog Post: Day 50 of $QQQ short term up-trend, this up-trend may end soon; The blue arrows in this daily chart show the two recent distribution days suggesting a possible larger decline
I posted after the first distribution day (first arrow) that the subsequent reaction rise needed to exceed the high of that down day. It did not. There were 3 lower volume up days. Now we have a decline on larger volume. I am in cash and TBIL in my trading account. If we get a tradable bounce I will start buying TQQQ. Note that T2108 is 70%, reflecting the contrasting strength in NYSE stocks.
Blog Post: Day 49 of $QQQ short term up-trend; 568 US new highs and 6 lows, 204 at ATH; $KEX has GLB, see daily and monthly charts
KEX broke its ATH from 9/2014 today on high volume. I tweeted it out intraday @wishingwealth.
