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Articole: 18

  1. Day 8 of QQQ short term up-trend but TSLA has entered a Stage 4 down-trend. Only 13 stocks reached ATH Tuesday with 43 new yearly US highs and 149 lows. T2108=18%. Strange market.

    (Wishing Wealth Blog)

    Indicators GMI: 2/6 GMI-2: 6/9 T2108: 18% TSLA is now declining below its falling 30 week average= Stage 4!

  2. Blog: Day 6 of $QQQ short term up-trend; Only 15 US stocks reached an ATH on Friday. One of them , PS, had a green line breakout, GLB. See its weekly chart below. If it closes back below the green line, @54.94 it would be a failed GLB. GMI=3 and RED, see table.

    (Wishing Wealth Blog)

    Indicators GMI: 3/6 GMI-2: 6/9 T2108: 20% Screenshot Screenshot The post Blog: Day 6 of $QQQ short term up-trend; Only 15 US stocks reached an ATH on Friday.

  3. 20 year treasury bond, $TLT, has been in a daily BWR down-trend since early July, and T2108 has been since the middle of August! Modified Guppy charts tell the story.

    (Wishing Wealth Blog)

    Indicators GMI: 3/6 GMI-2: 6/9 T2108: 20% Screenshot Screenshot The post 20 year treasury bond, $TLT, has been in a daily BWR down-trend since early July, and T2108 has been since the middle of August!

  4. Weird market with T2108 down to 21%, see chart; New US yearly lows way above highs (136/60), only 16 of 6500+ stocks at ATHs, but $DE is holding its recent GLB to ATH!

    (Wishing Wealth Blog)

    Indicators GMI: 3/6 GMI-2: 7/9 T2108: 21% DE had a high volume GLB, retested it and moved to a new high on Wednesday.

  5. $MAGS, the Magnificent Seven ETF, had a high volume GLB to an ATH on Monday! Are the popular overbought tech stocks coming back? See daily chart.

    (Wishing Wealth Blog)

    Indicators GMI: 3/6 GMI-2: 7/9 T2108: 23% Note that T2108 actually declined to 23% today.

  6. Discordant market: Equal wtd indexes of SPY (RSP) and QQQ (QQQE) are falling while cap wtd indexes tell a different story; T2108=24%, like last April! Market internals are collapsing, see weekly charts, and my analysis.

    (Wishing Wealth Blog)

    Indicators GMI: 2/6 GMI-2: 6/9 T2108: 24% I have never seen anything like this situation.

  7. 126 yearly new lows and 88 new highs, GMI= RED and Day 3 of $QQQ short term down-trend, but QQQ is short term oversold and may bounce Wednesday. Gas/Oil stocks are strong, see MPC and PSX. I go where the ATHs are.

    (Wishing Wealth Blog)

    Indicators GMI: 1/6 GMI-2: 2/9 T2108: 28% 12 of 27 stocks that reached ATHs on Tuesday were Oil & Gas related.

  8. GMI=1 and RED; Day 1 of $QQQ short term down-trend; 3 days in a row with more yearly lows than highs; only 21 stocks reached ATHs on Friday, QQQ now closed below 4wk avg. Be very careful.

    (Wishing Wealth Blog)

    Indicators GMI: 1/6 GMI-2: 3/9 T2108: 31% If the GMI should register 0, I would exit the market in all of my accounts.

  9. GMI turns RED; More yearly new lows than highs and only 19 of 6,556 stocks traded at an ATH, OIL & GAS (14) and Shipping & Ports (2) had the most, see list. Be careful!

    (Wishing Wealth Blog)

    Indicators GMI: 2/6 GMI-2: 1/9 T2108: 29% The post GMI turns RED; More yearly new lows than highs and only 19 of 6,556 stocks traded at an ATH, OIL & GAS (14) and Shipping & Ports (2) had the most, see list.

  10. An invaluable post to study: The table below shows how the 6 stocks I posted about on 8/17 have performed since then. One half are up 11% to 14% and half are down 1% to 5%. I explain how I found them among stocks hitting ATHs and why buying stocks at ATHs can be a winning trading strategy. Note: GMI=2

    (Wishing Wealth Blog)

    Indicators GMI: 2/6 GMI-2: 6/9 T2108: 32% These are the 6 stocks I said had reached an ATH on Friday, August 14.

  11. Blog: Day 24 of $QQQ short term up-trend; once again, Oil & Gas (7) and Shipping & Ports (4) Industries had the most stocks reaching an ATH on Tuesday, see list.

    (Wishing Wealth Blog)

    Indicators GMI: 4/6 GMI-2: 7/9 T2108: 36% The last column shows current price divided by their prices 250 days ago.

  12. Blog: Day 23 of $QQQ short term up-trend; GMI remains Green, see table.

    (Wishing Wealth Blog)

    Indicators GMI: 4/6 GMI-2: 6/9 T2108: 41% The GMI remains on a Green signal.

  13. Strange day Monday: More new yearly lows than highs for first time since March 30 and lowest number of ATHs, 13, since 12 last March 31; That is when the February to March decline ended, see daily chart of SPY. See my blog for my attempt to explain this rare occurrence. Meanwhile, 6 of the 13 ATHs today were oil & gas related stocks, see the list on my blog.

    (Wishing Wealth Blog)

    Indicators GMI: 4/6 GMI-2: 5/9 T2108: 39% Here are the six stocks that traded at an ATH (all-time high) on Monday.

  14. Day 18 of $QQQ short term up-trend and weekly chart below shows longer term trend remains up, thus far, unless the Iran war disrupts it. See also the GMI table.

    (Wishing Wealth Blog)

    Indicators GMI: 4/6 GMI-2: 6/9 T2108: 43% It may be hard to believe, but my indicators still show QQQ in short term and longer term up-trends.

  15. Day 13 of $QQQ short term up-trend; Weekly chart shows QQQ to be right on its 4wk and 10wk averages. This critical week should tell us whether QQQ will hold up of fall below these averages. The GMI is still Green, see table.

    (Wishing Wealth Blog)

    Indicators GMI: 5/6 GMI-2: 4/9 T2108: 46% Screenshot The post Day 13 of $QQQ short term up-trend; Weekly chart shows QQQ to be right on its 4wk and 10wk averages.

  16. Day 12 of $QQQ short term up-trend, but it is weakening; Only 25 stocks reached an ATH, 8 are oil & gas related. QQQ closed just below its 4 wk and 10 wk averages, see weekly chart. Friday’s close may tell the story.

    (Wishing Wealth Blog)

    Indicators GMI: 4/6 GMI-2: 4/9 T2108: 51% Screenshot The post Day 12 of $QQQ short term up-trend, but it is weakening; Only 25 stocks reached an ATH, 8 are oil & gas related.

  17. Day 11 of $QQQ short term up-trend; My post on 8/17 showed GLD turning up as some traders apparently anticipated the U.S. announcement to reduce interest rates. It’s all in the charts!

    (Wishing Wealth Blog)

    Indicators GMI: 5/6 GMI-2: 5/9 T2108: 48% This daily Guppy chart shows the new up-trend in GLD.

  18. Blog, Day 9 of $QQQ short term up-trend; The modified daily Guppy chart shows a clear change in trend for gold, measured by GLD. See the daily chart below and the end of the BWR decline and the start of an RWB up-trend.

    (Wishing Wealth Blog)

    Indicators GMI: 6/6 GMI-2: 7/9 T2108: 51% This could be a meaningful advance for gold.