Author Archive for Dr. Wish
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TSLA has a troubling GMMA chart. As does SNDK:
Twelve stocks came up in my new high and great fundamentals scan. All of these stocks have RWB rocket patterns and are worth researching. All but BMA are at all-time highs. I own two of them.
AAPL remains in an RWB rocket pattern. As does its supplier, SWKS. Both are above their green line, all-time peaks.
I have found that since 2006, the GMI has done a good job of keeping me on the side of the general market trend. It is my cardinal rule to trade consistent with the market trend. While the GMI has helped me to exit the market in prior major declines, I have discovered an important […]
My indicators remain all positive.
GMI is back to 6 (of 6).
This daily chart of TLT, the ETF of the 20 year treasury bonds, is showing possible signs of the long awaited bottom in interest rates. As is IEF, the ETF for the 7-10 year treasury bonds. The price of bonds falls as investors fear a rise in interest rates.
I read a lot of pundits who repeatedly claim that this market is topping. If they keep claiming this, someone will eventually be correct! But we technicians rely on indicators to guide our trading. We must always guard against marrying a scenario and be ready to change direction to be consistent with the market’s main […]
Rally rolls on. PTLA is a stock my stock buddy Judy has talked to me about for a long time. They have an exciting drug under development. This weekly chart shows that the stock may be getting ready to re-take its green line top to another all-time high. I own some.
AAPL has quietly broken out to all-time highs.