Author Archive for Dr. Wish
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Another weak day and the GMI will flash a Sell signal.
IBD again sees market uptrend under pressure. A flat or down day on Thursday will change the QQQ short term trend to down.
OVAS, a biotech I have been watching since its green line break-out, broke out again on Tuesday:
IBD says the market uptrend has resumed. All of my GMI and GMI2 components are positive. This GMMA chart of the NASDAQ Composite index shows it to be in a strong RWB up-trend. Note the weekly close (dotted line) is back above all of the other moving averages. I use TC2000 to scan […]
All of my GMI components are positive. IBD still sees uptrend under pressure.
Jazz takes off, with an RWB pattern and a close above its green line top.
The new up-trend will have to last 5 days for me to have confidence in it. It is very strange and noteworthy that only a minority of the Nasdaq 100 stocks rose as that index advanced. IBD still sees the market uptrend under pressure.
Another up day on Tuesday will start a new QQQ short term up-trend.
IBD still sees market up-trend under pressure. The GMI is still on a Buy signal from January, but is holding to a middle 3 our of 6. The new QQQ short term down-trend must reach at least 5 days for me to be more confident about it. Interestingly, the IWM, Russell 2000 ETF , seems […]