final Purchase Index for 7/28/14 will be delayed. From the afternoon reports yesterday, the model projects that the final Purchase Index will be quite week.

It appears that my feeling that there would be quite a bit of support for the QQQs was out of sync with reality. I decided to stay with my strategy of buying dips and just bought a QQQ @ 122.15 on this dip. It's a scalper and I won't ask the market to give me very much.

Best wishes,

dhm