Be alerted when Mike posts an article
Now that the Q's have clawed their way to a marginal ($0.04) new high at 41.79, we have to expect a spike towards the 42.00 "handle" next... That said, my work continues to warn me not to get sucked into the long side of the Q's (admittedly, my work has been sending me that warning every time the Q's have hurdled 40.00 for the past month) "up here." If the Q's pop to 42.00/10 and stop me out-- a subsequent decline that breaks below 41.30 will confirm that at the very least, a near-term top has been established.
For more of Mike Paulenoff, sign up for a Free 15-Day Trial -- PLUS 1/2 OFF to his ETF Trading Diary.
Mike Paulenoff is author of www.MPTrader.com, a real-time diary of his technical analysis & trade alerts on ETFs for precious metals, energy, currencies, and an array of equity indices and sectors, including international markets, plus key ETF component stocks in sectors like technology, mining, and banking. Sign up for a Free 15-day Trial!
