Author Archive for Dr. Wish
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GMI-2 declines 1, to 6. There were more new lows than highs on Thursday.
Markets remain in short and longer term up-trends.
GMI-2 declines to 7 (of 8). With bird-flu coming back, there is a lot of interest in the vaccine maker, NVAX. Look at the large up volume (black) spikes in this weekly chart. (I own some NVAX, thanks to Judy).
All indicators remain positive. But QQQ just closed down after touching top Bollinger Band, suggesting to me that there will be some short term weakness ahead. I am not making any new buys now. Click on chart to enlarge.
The Investor’s Intelligence poll of investment advisers reached a new low (at least, according to IBD, in the past 5 years) last week in the percentage who are bearish–14.4%. Extreme readings like this could imply the market is near a sell-off. When there are few bears and everyone is bullish, they say, there is no […]
Last March I wrote that AAPL, at $461.91, was looking better because it had crossed back above its critical 10 week average. This GMMA chart shows that AAPL has now resumed an RWB rocket stock pattern. All of the shorter term averages (red) are now above the longer term averages (blue lines) with white space […]
PEGA consolidated after its green line break out to an all-time high and has resumed its rise. See this daily chart. As has AIRM:
All of my GMI and GMI-2 indicators are positive. A reader asked me which IBD 50 stocks in the lists I wrote about yesterday had advanced 30% or more since 9/4/2013. I thought others might be interested, so here they are: List from 2/7: RGR,SLCA,DDD,AIRM,ALK,WDR, 3/1: RGR,SLCA,ALK,WDR,CAR 5/7: NUS,SLCA,DDD,ALK 6/16: ENDP,NUS,AMBA,SAVE,DDD,SNTS,ALK 7/7: ENDP,NUS,AMBA,SAVE,DDD,SNTS,SFUN 8/14: NUS,AMBA,SAVE,EDU,SNTS, […]
I decided to look at how IBD 50 stocks have performed during the time since September 4, when the GMI issued the buy signal, that is still in effect. I examined seven IBD 50 lists that had been published, beginning with the one from 2/7/3013. Using TC2000 I computed the percentage of the stocks in […]
Markets rebounded on Thursday. All GMI components are positive.