Blog post: 46th day of $QQQ short term up-trend; GLB: $DXCM, $MITK, $PKI, $AAPL on the precipice; Government shut down in October?


I see few media articles discussing a authorities shut down in October. Here is an exception. Whereas a lifting of the debt restrict could ultimately be handed by Democrats  as a part of a reconciliation invoice, I might not rule out hysteria about it till then. This might add to market volatility the following few months together with  a resurgent pandemic. For all of those causes and the “air pockets” in main shares final week I get very defensive in my buying and selling accounts……

Nonetheless, some shares are sturdy. For instance, this weekly chart exhibits that DXCM broke out  with a GLB final week.

MITK had a good looking GLB and cup and deal with sample.

And PKI adopted by means of on its latest GLB.

However this day by day chart exhibits AAPL sitting on its inexperienced line. If it closes again beneath it is going to be a big omen for the market.

 

In the meantime, the GMI stays Inexperienced and at 6 (of 6).



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