Dr. Wish

Blog Post: Day 9 of $QQQ short term up-trend; $JNJ had a Blue Dot of Happiness setup early Wednesday, I tweeted about it on X in the morning; see daily chart.

@ 11:03 pm
GMI6/6
GMI-27/9
T210853%

I was on the road and took a chance to post about JNJ early in the day. Sometimes blue dots occur in he morning but the stock fails the setup by closing. JNJ was a successful break out, see daily chart below. Note the high volume on this bounce from oversold. My Blue Dot of Happiness setup is explained during my TraderLion presentation on Day 6.  I look for a stock that recently traded at an ATH and then bounced from oversold. I like this setup because I know if the bounce fails I can exit immediately with a small loss. This bounce looked especially promising because JNJ was also just above its lower 15.2 daily BB, another area of support. JNJ is up 50% from its lowest price in  the past year and above its last green line top. Follow me on X, @WishingWealth, to get intraday tweets on promising stocks.

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Blog Post: Day 6 of $QQQ short term up-trend; GMI=6 (of 6) and GREEN; See weekly 10:30 chart. Up-trend is intact, see my analysis.

@ 5:59 pm
GMI6/6
GMI-27/9
T210851%

The media pundits are all predicting doom or gloom. I prefer to just analyze the current market’s trend and react to it. My indicators have alerted me to get out of the markets early in all major declines since 2000. I post what I am doing in order to teach other traders and investors. When the market closes (gray line) below its 10 week average I become defensive. When it closes below its 30 week average I begin to exit. Now that we are in Day 6 of the QQQ short term up-trend I am slowly adding TQQQ and buying  some individual biotechs and a biotech ETF. I only buy individual stocks that have traded recently at an ATH (all-time high). See my recent TraderLion presentation for my rationale. See also the current GMI table below.

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