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Feb 10.16 / Dr. Wish

Feb 10.16 / Dr. Wish
26th day of $QQQ short term down-trend; dollar over-sold; dollar to bounce, gold to weaken?

Expect a bounce in UUP (US dollar). Note the daily 10.4.4 stochastics is below 20, a point from which UUP has bounced several times. UUP is also below its lower 15.2 daily Bollinger band. GLD (gold) should therefore weaken too.

Feb 09.16 / Dr. Wish
25th day of $QQQ short term down-trend; GMI performance

Here are my GMI signals applied to the QQQ the past two years and since inception. Click on charts to enlarge. (Past performance does not guarantee future performance!) The GMI issued its last signal, Sell, on December 10. (My QQQ short term trend count, currently at D-25,  is based on a much more sensitive and […]

Feb 07.16 / Dr. Wish
Why I follow my General Market Index, GMI

It took me a long time to understand the wisdom of Nicolas Darvas and William O’Neil’s advice to always trade in synch with the overall market’s trend. I learned the hard way that the same buy set-ups and rules that worked in a rising market failed repeatedly in a declining market. That is why I […]

Feb 05.16 / Dr. Wish
23rd day of $QQQ short term down-trend; $LNKD and $DATA telegraphed weakness long before today’s rout

Nice to be in cash. LNKD next leader to crumble today. Even before today, this weekly chart shows that LNKD was a failed green line break-out (GLB) and trading below its critical 30 week average (red line). It also was beginning a BWR down-trend. None of my students would have been holding it! As did […]

Feb 03.16 / Dr. Wish

Feb 02.16 / Dr. Wish
21st day of $QQQ short term down-trend; $TLT shows long term rates coming down

TLT measures 20 year U.S. treasury bonds. The higher they go, the lower the long term interest rates. Does flight to bonds indicate fear of a market crash or fear of a recession?

Feb 02.16 / Dr. Wish
20th day of $QQQ short term down-trend

Bounce continues as earnings are being released. Then what………….. I am still safely on sidelines.

Jan 31.16 / Dr. Wish
19th day of $QQQ short term down-trend; $QQQ and $SPY look weak

IBD sees renewed up-trend. MY GMI and QQQ short term trend indicators are still pointing to a down-trend. For me, this rise remains a “dead cat bounce” until more of my indicators turn positive. A lot of technical resistance is just above current levels. By the way, I drew the lower horizontal line in this […]

Jan 28.16 / Dr. Wish
18th day of $QQQ short term down-trend; health care, bio-techs have topped

After a multi-year RWB advance, health care stocks are now in a BWR down-trend. As are bio-techs!

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