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Aug 28.15 / Dr. Wish
In cash

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. […]

Aug 26.15 / Dr. Wish
T2108 called this bounce–yet again!

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 […]

Aug 25.15 / Dr. Wish
9th day of $QQQ short term down-trend; Sell in May worked

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. […]

Aug 25.15 / Dr. Wish
T2108 at 7%; in cash; BE CAREFUL

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 […]

Aug 19.15 / Dr. Wish
Longer term up-trend intact; $ZLTQ

  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 […]

Aug 18.15 / Dr. Wish
Technicals are strengthening

GMI back to 4 (of 6) and T2108 is at 41% and is at highest reading since July 17. T2108 measures the percentage of NYSE stocks that are above their 40 day simple moving average and shows that large cap industrial stocks may have bottomed. I am beginning to wade back into biotech stocks. I […]

Aug 14.15 / Dr. Wish

Aug 13.15 / Dr. Wish
Another bounce

With the put/call ratio still above 1, bearishness is high and the bounce is on. I am patiently waiting on the sidelines in cash. The GMI could go to Sell with a weak day Thursday.

Aug 12.15 / Dr. Wish

Aug 11.15 / Dr. Wish
GMI back to 6 (of 6); Buy signal intact–for now

The bounce came after an oversold position with the put/call ratio above 1.  Now I need to wait to see if this is a dead cat bounce or something with legs. IBD still sees the uptrend under pressure and there were more new lows than highs on Monday. The devaluation of the yuan may make […]

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