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 and QQQ

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.