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Dec 18.14 / Dr. Wish
3rd day of $QQQ short term down-trend; Dead cat bounce? $CELG bounces

It is too early to discern if Wednesday’s bounce from oversold will hold. This is likely a good opportunity for me to reduce my holdings in mutual funds in my university pension accounts. I am not willing to risk a return to the losses my 403 (B) sustained before yesterday’s bounce. Failure of this bounce […]

Dec 17.14 / Dr. Wish
2nd day of $QQQ short term down-trend; super cautious

Market is getting very oversold.  T2108 is at 27%, 598 daily new lows, 62% of stocks with an oversold 10.4 stochastic, GMI and GMI-2 both= 1. And yet the longer term trend of the market is still up, in a Weinstein Stage 2 up-trend. Based on my 45+ years of trading experience I think the […]

Dec 15.14 / Dr. Wish
GMI signals Sell; New $QQQ short term down-trend; IBD calls correction

With the GMI at 1 on Monday, this marks two days below 3 and a new Sell signal.  The QQQ short term trend also turned down.  IBD signaled on Tuesday that the market is now in a correction. I am almost sold out of all of my long positions and hold some SQQQ. Time to […]

Dec 14.14 / Dr. Wish
Trend change imminent; World markets in free-fall

The GMI registered 2 after Friday’s close and will likely be 2 or less again on Monday, triggering a GMI Sell signal. If so, I will close out my few longs and accumulate a leveraged inverse ETF (SQQQ). The T2108 is at 36% and has a long way to fall before our markets are at […]

Dec 11.14 / Dr. Wish
34th day of $QQQ short term up-trend; $ALDR-another biotech green line break-out

QQQ, DIA and SPY  are  all on support. Friday will tell the resolution. Meanwhile, in the midst of all of this market volatility, ALDR had a  green line break-out to an all-time high on Thursday.

Dec 10.14 / Dr. Wish
$QQQ short term up-trend in jeopardy; mainly in cash; $NVAX strong

I wrote yesterday that it was critical that Tuesday’s bounce up off of support needed to hold on Wednesday to continue the short term up-trend. It did not, with the SPY and DIA leading the QQQ lower. Tuesday’s bounce was totally reversed. I am largely in cash in my trading accounts now as I wait […]

Dec 09.14 / Dr. Wish
32nd day of $QQQ short term up-trend

Stocks reversed up off of support. It is critical to this short term up-trend that these levels hold on Tuesday.

Dec 08.14 / Dr. Wish
30th day of $QQQ short term up-trend

The GMI-2 has fallen to 3, reflecting the short term weakness in the major indexes. There were more new lows than new highs on Monday. I still have calls on SQQQ to hedge my long positions. Be careful!

Dec 07.14 / Dr. Wish
9 Biotechs and 1 ETF near green line break-outs (all-time highs): $AGIO,$ALXN,$BSTC,$CMRX,$ENTA,$ILMN,$JAZZ,$KITE,$RGLS,$BIB

Most of the stock gurus whom I respect have written that one can make the most money by investing in  companies that have visionary, often revolutionary products. When Nicolas Darvas made millions  in the 1950s he invested in rockets, as the country became involved in a race to space. Other more recent examples are the […]

Dec 04.14 / Dr. Wish

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