This rally is getting a little tired. Only 41% of stocks rose on Tuesday and the Worden T2108 Indicator is now at 53%. AAPL may be masking some wider weakness in stocks. Be careful. With earnings out, what can drive stocks higher? Look at what happened to XONE after earnings were released. Not a good sign. Looking for a large drop in XONE on Wednesday.
26th day of QQQ short term up-trend
I am back and there has been little change in my indicators. All indicators remain positive.
GMI declines to 5.
I have a speaking engagement in NYC on Friday and will post again next Monday night. There is very little possibility that the GMI could issue a Sell signal by then. Still, with earnings season ending I am getting more defensive and expecting some weakness into the fall.