Author Archive for Dr. Wish
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I think the 3D stocks are finally topping.Look at these weekly charts of SSYS and DDD. Note the huge red spikes showing increasing volume on down weeks. Beware the possible head and shoulders tops….
HIMX had a nice break-out of a consolidation above the green line on Monday. Look at the volume spike on this daily chart. HIMX makes parts for Google glasses. It has an IBD comp rating of 89.
These 10 stocks broke through multi-month bases to all-time highs last week. I draw a green line at an all-time peak not broken for at least three months, sometimes for years. I then use TC2000 to put in an alert and send me an email when the green line is broken. All of my students […]
All of my GMI and GMI-2 indicators are now positive. One concern, however, is that the T2108 Worden indicator is now at 77%. This means that 77% of the NYSE stocks closed above their average price over the last 40 days. The closer T2108 is to 90% the more over bought the market tends to […]
I recently discovered the social media index ETF, SOCL. This is a way to own a number of key social media companies. I bought some and like the technical pattern. Here is a monthly chart of SOCL.
INVN flirted with a green line break-out on Tuesday on above average volume. Check out its daily graph. INVN has an IBD composite rating of 93. Note the large up volume, black spikes. WWE also had a high volume green line break-out.
Stocks that rose during Monday’s sell-off are exhibiting great relative strength and may lead the market higher when it rebounds. AAPL and TSLA both advanced on Monday. IRBT may have found support at its recent green line break-out. My perspicacious stock buddy, Judy, has been interested in IRBT for a long time. I own some […]
The markets reversed strongly down on Friday as did many of the speculative stocks I watch. Friday was also a high volume down (distribution?) day for the QQQ. The market averages have been advancing since they bounced on 2/5. I would not be surprised to see some retracement as current events in Ukraine provide a […]
GMI remains at 6 (of 6).
It looks like FLT, a steady winner last year, has broken out of a twelve week consolidation. IBD gives FLT a Composite Rating of 98. Check out its weekly chart.