I have found that if the a new QQQ short term up-trend lasts 5 days, it often will continue for more days. I am very slowly wading into this up-trend with a small purchase of QLD, the leveraged bullish ETF that is designed to rise (or fall) twice as much as the QQQ. If the up-trend continues, I will add to my position. If it fails, I will quickly exit. I know the longer term trend remains down, but the shorter term trend, by definition, turns up before the longer term trend. I remain in money market funds in my university pension.
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QQQ short term up-trend survives–for now
My indicators remain unchanged. Monday was 3rd day of new QQQ short term up-trend. Let’s see if it can survive 5 days.