SITUATIONAL AWARENESS:
$QQQE is making itself comfortable below the 10-week MA now, which isn't good. Again, if one has longs with solid cushion that are acting fine, no need to panic sell, but if any new long exposure is tried, make sure it's VERY tight risk and don't keep
SITUATIONAL AWARENESS:
Today was a BIG sell-off day. $QQQE lost the infamous "supply zone" low and sold down to end the day below the 10-week MA. Absolutely a risk-off environment. If one has longs with solid cushion that are acting fine, no need to panic sell, but now is no
SITUATIONAL AWARENESS:
While $QQQE isn't doing a tremendous amount wrong, it's not doing much right either. It's living in the supply zone, which just means that chop will prevail. Leadership continues to narrow, so now is no time to be increasing long exposure. MCSI continues
SITUATIONAL AWARENESS:
Fridays action wasn't what I wanted to see after the rally on Thursday. $QQQE sold off to close below all MA's. We are once again in the supply zone, which means chop. With leadership continuing to narrow, now is no time to be increasing exposure. MCSI