Cubes Update – Follow The Falling Dollar

The Cubes (NASDAQ: QQQQ): 5:10 AM NYC time, November 28th: Just a quick update on this first trading day after the Thanksgiving holiday weekend. As you can see, market posted a distribution day, showing the largest drop and largest volume spikes in months. It’s still above the key 20-day EMA, which has been a great buying spot since August. On the “news” and fundamental side, we have…

…(1) NBC News now calling Bush’s war in Iraq a “Civil War,” we have: (2) a rapidly falling dollar, (3) Wal-Mart reporting it’s first monthly same-store sales decline since April 1996. Cheers!

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