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Jul 27.14 / Dr. Wish
$QQQ short term up-trend reaches 52nd day; 30% of $DOW 30 stocks weak; $GLD bottom?

The short term up-trend in the QQQ that, according to my definition (proprietary, so don’t ask for it),  began on May 13 has now extended to 52 trading days. While two of the up-trends since 2006  have lasted  80 and 88 days, of the 11 up-trends that lasted  50 to 88 days, 45% ended by […]

Jul 25.14 / Dr. Wish
51st day of $QQQ short term up-trend

GMI back to 6, but I remain cautious.

Jul 23.14 / Dr. Wish
50th day of $QQQ short term up-trend

Long term trend of QQQ remains up in a Stage 2 advance.  Short term up-trend is getting tired. Since 2006, only 9 of the 54 short-term up-trends of the QQQ have lasted longer than 50 days. After earnings season we will enter the dreaded September/October period.

Jul 22.14 / Dr. Wish
49th day of $QQQ short term up-trend

With AAPL down in the after-market after posting solid earnings, this short term up-trend may be becoming a little old.  This is not the time for me to add new positions in my trading accounts.

Jul 22.14 / Dr. Wish
48th day of $QQQ short term up-trend

AAPL reports earnings today after close.

Jul 21.14 / Dr. Wish
GMI still on buy signal from April 22

It was great to see many of you at Saturday’s  AAII workshop.  Friday was 47th day of current $QQQ short term up-trend.  IBD still sees “uptrend under pressure.” This weekly chart shows that QQQ remains in a strong Stage 2 up-trend, however. Click on chart to enlarge.

Jul 18.14 / Dr. Wish
This decline is different

I had been moving up my stops to protect my profits and have been stopped out of all positions in my trading accounts.  Break-outs have been failing and growth stocks are faltering.  T2108 is way down to a level not seen since last April. I am very cautious.  The world news may be a distraction […]

Jul 16.14 / Dr. Wish
45th day of $QQQ short term up-trend

See you Saturday at the workshop?

Jul 16.14 / Dr. Wish
44th day of $QQQ short term up-trend

Watching AAPL as it approaches top 15.2 daily Bollinger Band, currently at 97.73:

Jul 15.14 / Dr. Wish
43rd day of $QQQ short term up-trend

QQQ approaching top Bollinger Band (96.41) again.

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