This is my largest single equity position. That’s the qualifier. It is bouncing as expected per our 60 minute charts reviewed each afternoon lately, but… Let me tell you what I don’t like about this daily chart. I don’t like the wedgey looking upward flag combined with the declining volume. I also don’t care for the down-turned (to a degree, anyway) SMA 50 below which … Continue reading QQQ Bear Flag?
We have been noting that Tech, for example, is 100% intact to its daily, weekly and monthly up trends. As I hold a big chunk of QQQ off of the media’s ‘RIP Big Tech’ style headlines and that intact trend status, I am also short less prospective areas. While I am long some Medical Device companies and a couple Biotechs, we have noted in NFTRH … Continue reading Healthcare Not Yet Healthy