The strength in the PowerShares QQQ Trust (QQQ) gave the bulls some hope as it was up 0.7% on the day. For the overall market, the close Tuesday, I think, will be more important. The market needs another strong close with positive market internals to support the view that last Thursday's low will hold. The PowerShares QQQ Trust (QQQ) needs a strong close above $88.61 to improve its short-term outlook. The McClellan oscillator closed Monday at -8 but needs a close back above +50 to signal a furth...
The strength in the PowerShares QQQ Trust (QQQ) gave the bulls some hope as it was up 0.7% on the day. For the overall market, the close Tuesday, I think, will be more important. The market needs another strong close with positive market internals to support the view that last Thursday's low will hold. The PowerShares QQQ Trust (QQQ) needs a strong close above $88.61 to improve its short-term outlook. The McClellan oscillator closed Monday at -8 but needs a close back above +50 to signal a furth...
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