Very hard to trade XLK and the Qs
The market is still giving conflicting signals about the tech sectors. Even though many individual stock got cut in half already from the high, the XLK and QQQ are still holding up relatively well.
When will we see the big down move or are we going to see it at all is even one's guess.
OBV (on the 3 day chart) and CMF on the daily (and 3 days, etc.) are still bullish while the MACD and AO are showing bearish divergence. (daily and 3 day)
One interesting notes, the StocRSI is showing hidden divergence and this might be a good sign for the bulls.
Bulls and Bears are still fight for grounds at the moment.
Disclaimer, this is only for entertainment and education purposes and doesn't serve by any means as a buy or sell recommendation.
Personally I hold both long term long positions and occasionally short term short position, for disclosure purpose.
When will we see the big down move or are we going to see it at all is even one's guess.
OBV (on the 3 day chart) and CMF on the daily (and 3 days, etc.) are still bullish while the MACD and AO are showing bearish divergence. (daily and 3 day)
One interesting notes, the StocRSI is showing hidden divergence and this might be a good sign for the bulls.
Bulls and Bears are still fight for grounds at the moment.
Disclaimer, this is only for entertainment and education purposes and doesn't serve by any means as a buy or sell recommendation.
Personally I hold both long term long positions and occasionally short term short position, for disclosure purpose.