Dow Jones Back in 8100 level

Dow Jones Industrial has climbed back over 8100 level.

It has approached the downtrend line very closely. Although there’s a chance for it to break the downtrend line, but before it happens, I’d rather to sell into this strength to build more cash position.


INDU rallied back nicely today. I sold 1/3 of current equity position as planned (10350). Another 1/3 will be sold if Dow Jones reaches 10550-10600.

QQQQ is still lagging behind. Today’s move was not accompanied with good volume. Let’s see if we can see some follow through in the rest of week.