Author Archive for Dr. Wish
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QQQ held on Monday.
The three market index ETFs I follow (DIA, QQQ, SPY) all opened outside of their upper daily 15.2 Bollinger Bands and closed back below them. This may represent extremely over-bought conditions. A down day on Monday would likely indicate some retracement of the recent rally will take place. I am therefore very cautious about the […]
On September 25, I posted that AGIO had had a green line break-out on above average volume. Take a look at what AGIO did on Wednesday, up 14.5% on huge volume! Could the buyers of AGIO in late September anticipate the great news released on Tuesday evening?
A few days ago I posted a chart showing that BITA had a likely cup and handle break-out. BITA rested the day after the break-out and then continued its rise on Tuesday. (Click on chart to enlarge.) ILMN successfully tested its recent green line break-out (GLB).
The daily GMMA chart of the QQQ shows the strong current up-trend in this index ETF. The arrows show recent GMI Buy and Sell signals. Note how the short term averages (red lines) constrict when a pause occurs. As long as the shorter term averages are rising above the longer term averages (blue) the up-trend […]
All of my GMI components remain positive.
After breaking above its green line, AAPL continues to strengthen.
All of my indicators remain positive.