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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!

Jan 27.16 / Dr. Wish
17th day of $QQQ short term down-trend

On the sidelines, in cash. After earnings season, what will push stocks higher?

Jan 26.16 / Dr. Wish
Bounce from oversold continues; $AAPL will tell the story

If AAPL closes down on Wednesday after Tuesday night’s earnings release, I suspect the indexes are headed lower again. Strong resistance exists around 102-103. If AAPL can’t make it, can anything?  

Jan 25.16 / Dr. Wish
How long will bounce last? Canada and Chile markets in free fall

In spite of decline on Monday, the bounce from extremely oversold conditions continues. There were only 171 new lows on Monday, compared with over 1600 one day last week. Are things as bad as the 2008 decline?¬† How about Canada’s stock index: Or Chile’s: All world indexes I checked are experiencing BWR declines! Can we […]

Jan 24.16 / Dr. Wish
Table of long and inverse index ETFs; My AAII workshop in February; Trend still down–dead cat bounce?

A number of you have asked me about¬† inverse index ETFs so you could short the market. Below is a table that my co-instructor, David, built for the undergraduates enrolled in our stock market class. The table includes leveraged ETFs, which attempt to move 2-3 times the underlying index. Leveraged ETFs can be dangerous. It […]

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