Waiting for green dot signal for the QQQ to turn up. But look at the sustained weekly RWB up-trend in short rates.
$QQQ decline still on–waiting for oversold and green dot signal
My indicators, while weakening, are not yet at oversold levels and the daily stochastic is declining. The QQQ closed below its 10 week average (blue dotted line) but remains well above its rising 30 week average (red solid line) and in a Stage II longer term up-trend. Stay tuned.
Defensive even though GMI remains Green and at 5 (of 6)
I remain very defensive having had so many recent set-up failures. I am mostly in cash.
