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Sep 17.14 / Dr. Wish
24th day of $QQQ short term up-trend; $QQQ holds key technical levels

QQQ has now bounced above its 30 day average (red line) and its lower Bollinger Band. Now on to the Alibaba IPO this Friday.


Sep 16.14 / Dr. Wish

Sep 15.14 / Dr. Wish
22nd day of $QQQ short term up-trend

Only 47 new 52 week highs in my universe of 6,000 stocks on Monday.  Time to be very cautious.


Sep 14.14 / Dr. Wish
Market technicals weakening

The excitement about Apple and Alibaba may be diverting attention from the general market’s weakening.  The Worden T2108 Indicator, the percentage of all NYSE stocks that closed above their simple 40 day average price has peaked again and started down.  Look at this weekly chart of the T2108 (click on to enlarge): T2108 has peaked […]


Sep 11.14 / Dr. Wish
20th day of $QQQ short term up-trend; $UTHR–green line break-out

UTHR has had a green line break-out to an all-time high. Check  out  this weekly chart.    


Sep 10.14 / Dr. Wish
19th day of $QQQ short term up-trend; Biotech green line break-outs: RCPT, CMRX

The bond ETF’s continue to decline.  Interest rates are rising……. Here are monthly charts of 2 biotechs that had green line break-outs to all-time highs on Wednesday. They may be worth researching.


Sep 10.14 / Dr. Wish
As of Tuesday’s close, GMI declines to 5, GMI2 to 4.

Sorry for this late post.  With the GMI2 at 4 (of 8) half of these sensitive indicators are now negative.  And with earnings out and the AAPL event completed, this market may have little to propel it higher until 3rd  quarter earnings come out. But let’s not forget the Fed’s impending tightening.


Sep 08.14 / Dr. Wish

Sep 07.14 / Dr. Wish
$OILT– cup and handle break-out; 16th day of current $QQQ short term up-trend; $IEF signals interest rates to rise?

OILT came up on my TC2000 scan for rockets bouncing off of their 10 week average.  When I looked at it, it appears to have broken out of a cup and handle base on Thursday on unusually high volume.  Check out this daily chart: OILT closed Friday right at the pivot point.  If I bought […]


Sep 04.14 / Dr. Wish



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