Author Archive for Dr. Wish
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Put/call ratio = 1.05, indicating continuing bearishness among option traders. We therefore could see some strength on Friday.
With the put/call ratio at 1.17, a continuation of the bounce is likely. IBD still sees market in correction.
Nice to be on the sidelines in cash. No one knows when this decline will end.
100% in cash in trading accounts and moving to cash in my university pension.
Wouldn’t you know that the extreme market action would occur just after I went on vacation? I was not surprised by the down market last Monday. When stocks have a bad week and end on a down note on Friday, people get scared over the weekend and sell on Monday morning. The depth of the […]
IBD sees the market in correction and reports a put/call ratio of 1.0 on Thursday. It reached an extreme level above 1.4 earlier in the week. The market tends to bounce when the put/call ratio is greater than 1. With the GMI at 0, it remains to be seen if we have a bottom in. […]
The Worden T2108 indicator measures the percentage of all NYSE stocks that closed above their simple 40 day moving average. When T2108 falls below 10% it is a sign that the market will bounce from a very oversold level. The T2108 was at 6 on Tuesday and at 10 at Wednesday’s close. There have only […]
I am 100% in cash. Market did better on Tuesday than is apparent from averages. Only 337 new lows, down from 1465 on Monday. There were 40% gainers versus 7% on Monday. With T2108 at 6%, the market is very oversold. Guppy chart of SPY is not yet BWR, but RWB pattern is clearly over. […]
The T2108 has fallen to single digits. I have always found that I should have held my breath and bought anytime it has fallen below 10%. While on vacation last week I went 95% to cash in all trading accounts. I will wait for the dust to settle to determine my future moves. My short […]
As I struggle to maintain my weight loss of the past few years, a friend told me she was going to try the cold body sculpting method of reducing bulges. I researched the company (ZLTQ) that produces this new body shaping technique and bought some shares. Maybe this stock will win the battle of […]