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Apr 20.14 / Dr. Wish
Market at critical juncture. Guppy charts show relative weakness in $QQQ vs. $SPY

An up day on Monday could trigger a GMI Buy signal.  I prefer to wait on the sidelines.  Some of my hourly indicators suggest to me that the DIA, QQQ and SPY could retreat Monday from their recent bounce peaks.  But if they hold, the market trend will turn up again.  I remain very skeptical […]

Apr 16.14 / Dr. Wish
18th day of $QQQ short term down-trend

Check out this link about the possible head and shoulders top in the tech stocks.  I wrote about this possibility several days ago. When I have this much company I fear it will not happen. I still do not trust this bounce.

Apr 15.14 / Dr. Wish
17th day of $QQQ short term down-trend

I remain on the sidelines.

Apr 14.14 / Dr. Wish

Apr 10.14 / Dr. Wish
14th day of $QQQ short term down-trend; GMI turns 0

I am in cash on the sidelines in my trading accounts.

Apr 09.14 / Dr. Wish
13th day of $QQQ short term down-trend

Let’s see how far this bounce can go.

Apr 08.14 / Dr. Wish
12th day of $QQQ short term down-trend

I am on sidelines, in cash in my trading accounts.

Apr 07.14 / Dr. Wish
11th day of $QQQ short term down-trend

GMI has flashed a Sell signal.

Apr 06.14 / Dr. Wish
A Tale of Two Markets; IBD goes back to market in correction; Sell in May?

I have been posting for a while that the tech stocks were weak,  as reflected in the QQQ, even as the large cap stocks in the SPY and DIA remained strong. My short term trend count on the QQQ reached the 10th day of its down-trend on Friday.  I noted in my Thursday night post […]

Apr 03.14 / Dr. Wish
9th day of $QQQ short term down-trend

The QQQ failed to hold its critical 30 day average on Thursday.  Its short term down-trend remains intact. There is still a divergence between the QQQ and the SPY and DIA. We will know soon which group is leading the market.

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