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Jul 26.15 / Dr. Wish
Big concerns–too many indexes in Stage IV declines; GMI near Sell

Over the past year I have been whip-sawed by stocks, with my trading account value going to all-time highs and then giving back the advance. I recently became so tired of the market roller coaster that I took a vacation from the market and went to the sidelines. So I missed the recent bounce and […]

Jul 24.15 / Dr. Wish
Indexes standing on quick-sand

The rises in the big momentum stocks like NFLX, GOOG and AMZN are moving the QQQ higher but are masking the weakness in the general market. Traders are seeking refuge in a few big names. There were almost 400 new lows on Thursday, more than twice the number of new highs. With a put/call ratio […]

Jul 22.15 / Dr. Wish

Jul 21.15 / Dr. Wish

Jul 21.15 / Dr. Wish

Jul 19.15 / Dr. Wish
Buying climax in the $QQQ?

In reviewing my  market statistics this weekend, I was surprised by what I learned. With the Nasdaq 100 (QQQ) streaming to an all-time high last week I expected to see strength in my measures of how individual stocks had performed. The QQQ closed up 5.5% last week to an all-time high. But the SPY (+2.4%) […]

Jul 17.15 / Dr. Wish
IBD switches to market in uptrend

This market will cool after most  earnings are out and we enter the post-earnings lull period. Towards the end of the year we will also have to cope with the Fed. It is noteworthy that we still had over 100 new yearly lows and only 60% gainers on Thursday. The QQQ futures indicate a likely […]

Jul 16.15 / Dr. Wish
2nd day of new $QQQ short term up-trend

My GMI sign post to the right may be wrong. The GMI went to a Buy at the close of  July 14.  The futures (light blue horizontal arrow on chart) suggest that QQQ will open around the top BB today. About 40% of the Nasdaq 100 stocks now have an over-bought stochastics. This bounce has […]

Jul 14.15 / Dr. Wish

Jul 13.15 / Dr. Wish

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