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Oct 07.15 / Dr. Wish
3rd day of $QQQ short term up-trend; T2108 calls bottom again!

SPY, DIA and QQQ have overbought daily 10.4 stochastics.  The Worden T2108 is zooming!!! Now about 58% of NYSE stocks closed above their simple 40 day moving averages! Note that the market bottomed in August when T2108 was below 10%.

Oct 06.15 / Dr. Wish
2nd day of $QQQ short term up-trend within a Stage IV down-trend?

QQQ is near resistance. A lot of indicators are converging around 107-108.  Will QQQ break through? The QQQ remains in a technically weak pattern with the 4wk<10wk<30wk averages. As long as the 30 week average (solid red line) is moving down we are in a potential Stage IV down-trend. This is no time to be […]

Oct 06.15 / Dr. Wish
New $QQQ short term up-trend

While the short term trend is now up, I do not have confidence in a change until it lasts 5 days. While this is a nice rally, the longer term trends are still down–for now. Here is the GMI table I should have posted yesterday. The T2108 zoomed to 45 on Monday.  

Oct 04.15 / Dr. Wish
IBD calls market up-trend; $SLP –green line break out worth watching

Based on their methodology, IBD says in Monday’s edition  that Friday’s rise constituted a follow through day and that they believe that the market  is now in a “confirmed up-trend.”  I find IBD’s market calls to be analogous to my very short term trend indicator for the QQQ (currently in the tenth day of a […]

Oct 01.15 / Dr. Wish

Sep 30.15 / Dr. Wish

Sep 29.15 / Dr. Wish

Sep 28.15 / Dr. Wish
Market very over-sold

Watching from sidelines–in cash. While I missed it in Monday’s IBD, IBD now sees the market in a correction. All indexes I follow have oversold Stochastics and closed outside their lower Bollinger Bands.  We could get a bounce.

Sep 27.15 / Dr. Wish
All of my indicators are negative; 100% cash; $CURE getting sick

Nobody knows when this market will find a bottom. Note in this “naked” weekly chart of the QQQ, the 4wkavg(red dotted)<10wkavg(blue dotted)<30wkavg (solid red line). This is my primary definition of a  “submarine” pattern. It shows a stock or ETF in a significant down-trend. I am in cash in both my university pension and all […]

Sep 24.15 / Dr. Wish

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