The GMI rose to 1 (of 6)  and the more sensitive  GMI-R to 4 (of 10).  There were 5 new highs and 21 new lows in my universe of 4,000 stocks on Wednesday.  The QQQQ will change to a short term up-trend, if it holds on Thursday.  I sold my QID and bought a little [...]

The GMI-R rose to one on Wednesday.  The QQQQ completed the 9th day of its short term down-trend.  However, the QQQQ is just below its critical  moving average.  A rise from here could turn the short term trend positive.  The market seems able to hold up under a flood of bad earnings.  So, the selling [...]

Hello and welcome to the new home of Dr. Wish’s Wishing Wealth Blog. I’m your host: Mr. Wish. My dad has been slaving over this blog for a few years now and I have always felt incredibly inspired by his commitment and devotion to his field. And you’re probabaly thinking, jeez aren’t you lucky to [...]

Only 2 new highs (AVAV and ASEI) and 192 new lows in my universe of 4,000 stocks on Friday. The QQQQ completed its 7th day of the current short term down-trend. The prior QQQQ up-trend lasted only 24 days and did not deliver much of a rise. GMI0123 Only 20% of the Nasdaq 100 stocks [...]

There were 7 new highs and 131 new lows in my universe of 4,000 stocks on Thursday. This is not the time to buy growth stocks at new highs. I remain mainly in cash.

The GMI and GMI-R remain at zero. There were 5 new highs and 165 new lows in my universe of 4,000 stocks on Wednesday. The major index moving averages I follow are flat, a time when it is likely we will be whipsawed back and forth until a major up or down-trend develops. Time to [...]

There were 4 new highs and 220 new lows in my universe of 4,000 stocks on Tuesday. The banks are getting decimated. I remain in QID and mainly in cash. Never go against the trend.

This month I lost money on many of my cash-secured puts. Too many stocks declined below the put option strike price and I had to buy the puts I sold back at higher prices. Selling puts is equivalent to buying stocks and selling call options on the shares. I learned again the lesson not to [...]

Technicals have all weakened. One new high and 73 new lows in my universe of 4,000 stocks on Wednesday. T2108 back to 49%, not in bottom territory. Going back to cash.

I am very cautious about the continuation of the QQQQ short term up-trend, now in its 24th day. There was only one new high and 33 new lows in my universe of 4,000 stocks on Tuesday. This is not the time to chase stocks at new highs. I am trying to hold onto my cash [...]