The QQQQs closed in a precarious position today. They are just above support right below $43. The sell-off was on less volume than a big sell-off would probably entail, but is was also a weak day in the markets overall.
The DIA's sold-off on increasing volume. That's not good.
The SPYs sold-off on increasing volume. More importantly, the SPYs have decreased the last three days on increasing volume. Not good.
1 comment:
Don't forget. The best economists make lousy stock traders. Hope you are a great economist.
Merry Christmas
GP
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