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Apr 23.14 / Dr. Wish
22nd day of $QQQ short term down-trend

GMI remains on a Buy, IBD sees market in a correction, and my QQQ short term trend is still down–go figure! IF AAPL can hold its after market rise, the QQQ could start a new short term up-trend by Friday.  Stay tuned…..

Apr 22.14 / Dr. Wish
GMI flashes Buy but I remain cautious

Until the QQQ short term trend turns up, I remain on the sidelines.

Apr 21.14 / Dr. Wish
Correction to GMI count

The GMI count was 3 at last Thursday’s close, not 4 as I had posted.  The GMI closed at 4 on Monday and another up day on Tuesday will trigger a GMI Buy signal. Check out yesterday’s GMI table for the accurate count. Sorry for the confusion. IBD still sees the market in a correction.

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.

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