Wishing Wealth Blog » All Posts http://wishingwealthblog.com A stock trading blog by Dr. Wish Thu, 24 May 2012 11:13:35 +0000 en hourly 1 http://wordpress.org/?v=3.3.2 28th day of QQQ short term down-trend; Two new Judy’s picks: DDD, SYSS http://wishingwealthblog.com/2012/05/28th-day-of-qqq-short-term-down-trend/ http://wishingwealthblog.com/2012/05/28th-day-of-qqq-short-term-down-trend/#comments Thu, 24 May 2012 10:00:54 +0000 Dr. Wish http://wishingwealthblog.com/?p=3584 On the sidelines with small positions. Watching for definitive signs of a real turn. Meanwhile, here are two new Judy’s picks:  SYSS, DDD. I have a position in DDD.  Both of these have recently bounced off of support and are in the emerging 3D printer business. My stock pick buddy, Judy, loves this 3D concept.

  • gmi: 1
  • gmi-2: 0
  • t2108: 22
]]> http://wishingwealthblog.com/2012/05/28th-day-of-qqq-short-term-down-trend/feed/ 1 27th day of QQQ short term down-trend; GMI remains on a sell signal; GLD and commodities are weak http://wishingwealthblog.com/2012/05/27th-day-of-qqq-short-term-down-trend-gmi-remains-on-a-sell-signal/ http://wishingwealthblog.com/2012/05/27th-day-of-qqq-short-term-down-trend-gmi-remains-on-a-sell-signal/#comments Wed, 23 May 2012 10:00:50 +0000 Dr. Wish http://wishingwealthblog.com/?p=3580 The market remains in a short term down-trend within a longer term up-trend.  I am mainly out of the market and in cash in my trading accounts and remain invested in mutual funds in my university pension. The time for me to be in stocks is after the GMI has given a buy signal. The last GMI signal was a sell in early May.

I own some put options on GLD.  Gold still looks weak to me, especially with the dollar getting stronger.  Look at this recently strong daily chart pattern of the bullish dollar ETF, UUP. Click on chart to enlarge. As the dollar rises in value, it takes fewer of them to buy an ounce of gold, and GLD and other commodities decline.

DBC, a commodity tracking ETF, is back to where it was in December.

  • gmi: 0
  • gmi-2: 1
  • t2108: 20
]]> http://wishingwealthblog.com/2012/05/27th-day-of-qqq-short-term-down-trend-gmi-remains-on-a-sell-signal/feed/ 0 Video post is a hit; waiting for a strong signal http://wishingwealthblog.com/2012/05/video-post-is-a-hit-waiiting-for-a-strong-signal/ http://wishingwealthblog.com/2012/05/video-post-is-a-hit-waiiting-for-a-strong-signal/#comments Tue, 22 May 2012 10:00:32 +0000 Dr. Wish http://wishingwealthblog.com/?p=3578 Thank you for the terrific feedback I received on my video.  If you received the post by email and could not access the video, please go directly to the blog site at www.wishingwealthblog.com and go to Monday’s post. I plan to post a video every Monday morning.

We had a nice bounce from oversold on Monday.  It will take a while to see if this is a real turn, however.  I am waiting until things move back up towards resistance to see if things can break through.  If stocks start to weaken again, I will buy some QID to make money as the Nasdaq 100 index stocks decline. This is the time for me to wait on the sidelines and to watch carefully for a signal. Monday was the 26th day of the current QQQ short term down-trend.

 

 

 

  • gmi: 1
  • gmi-2: 0
  • t2108: 20
]]> http://wishingwealthblog.com/2012/05/video-post-is-a-hit-waiiting-for-a-strong-signal/feed/ 2 My first YouTube Vlog (video blog) Post: Sell in May and Go Away? http://wishingwealthblog.com/2012/05/my-first-youtube-vlog-video-blog-post-sell-in-may-and-go-away/ http://wishingwealthblog.com/2012/05/my-first-youtube-vlog-video-blog-post-sell-in-may-and-go-away/#comments Mon, 21 May 2012 10:00:54 +0000 Dr. Wish http://wishingwealthblog.com/?p=3574 The put/call ratio is at an extreme level, about 1.3, implying a bounce soon. It is a contrary indicator such that when there are more puts than calls, like on Friday, the market is likely to rebound.  And the T2108 is very low, at 16%. The GMI is now zero for the first time since December 15, 2011.  With all of my indicators negative, is this the time to short stocks or the stock indexes?  With my son’s help, I have published my first TA video post, on the current market and the infamous “Sell in May and Go Away” mantra.  Let me know if you want more videos and any suggestions for making them more useful to you.View it full screen to see my charts clearly.

  • gmi: 0
  • gmi-2: 0
  • t2108: 16
]]> http://wishingwealthblog.com/2012/05/my-first-youtube-vlog-video-blog-post-sell-in-may-and-go-away/feed/ 20 T2108 getting oversold at 19% http://wishingwealthblog.com/2012/05/t2108-getting-oversold-at-19/ http://wishingwealthblog.com/2012/05/t2108-getting-oversold-at-19/#comments Fri, 18 May 2012 10:00:35 +0000 Dr. Wish http://wishingwealthblog.com/?p=3569 Once the Worden T2108 Indicator falls below 20% the market is getting very oversold.  The last time T2108 was below 20% was last October.  Some bottoms occur around this area, but if it breaks below 10% I will start to go long QLD, even with a GMI sell signal in place. The market just does not remain that oversold for long.  I will then take a small position and only add to it at higher prices.  I would only do this with an index ETF, not an individual stock.  Individual stocks can go extinct, but not the entire market. Below is a weekly chart of the T2108 indicator.

 

  • gmi: 1
  • gmi-2: 0
  • t2108: 19
]]> http://wishingwealthblog.com/2012/05/t2108-getting-oversold-at-19/feed/ 3 23rd day of QQQ short term down-trend; GLD enters Stage 4 decline. http://wishingwealthblog.com/2012/05/23rd-day-of-qqq-short-term-down-trend/ http://wishingwealthblog.com/2012/05/23rd-day-of-qqq-short-term-down-trend/#comments Thu, 17 May 2012 10:00:50 +0000 Dr. Wish http://wishingwealthblog.com/?p=3564 Mainly on the sidelines, in cash. Meanwhile, commodities continue to weaken.  This weekly chart of the gold ETF, GLD, shows the deepening down-trend. Weinstein Stage 4 decline has begun. Click on chart to enlarge.

  • gmi: 1
  • gmi-2: 0
  • t2108: 25
]]> http://wishingwealthblog.com/2012/05/23rd-day-of-qqq-short-term-down-trend/feed/ 2 22nd day of QQQ short term down-trend http://wishingwealthblog.com/2012/05/22nd-day-of-qqq-short-term-down-trend-2/ http://wishingwealthblog.com/2012/05/22nd-day-of-qqq-short-term-down-trend-2/#comments Wed, 16 May 2012 11:00:36 +0000 Dr. Wish http://wishingwealthblog.com/?p=3562 This is a good time to be on the sidelines. It is folly to fight the down-trend.

  • gmi: 1
  • gmi-2: 0
  • t2108: 28
]]> http://wishingwealthblog.com/2012/05/22nd-day-of-qqq-short-term-down-trend-2/feed/ 1 21st day of QQQ short term down-trend http://wishingwealthblog.com/2012/05/21st-day-of-qqq-short-term-down-trend/ http://wishingwealthblog.com/2012/05/21st-day-of-qqq-short-term-down-trend/#comments Tue, 15 May 2012 10:00:25 +0000 Dr. Wish http://wishingwealthblog.com/?p=3561 In cash in my trading accounts.

  • gmi: 1
  • gmi-2: 0
  • t2108: 29
]]> http://wishingwealthblog.com/2012/05/21st-day-of-qqq-short-term-down-trend/feed/ 0 19th day of QQQ short term down-trend http://wishingwealthblog.com/2012/05/19th-day-of-qqq-short-term-down-trend-2/ http://wishingwealthblog.com/2012/05/19th-day-of-qqq-short-term-down-trend-2/#comments Fri, 11 May 2012 11:00:07 +0000 Dr. Wish http://wishingwealthblog.com/?p=3556 I remain on the sidelines in my trading accounts.

  • gmi: 2
  • gmi-2: 1
  • t2108: 36
]]> http://wishingwealthblog.com/2012/05/19th-day-of-qqq-short-term-down-trend-2/feed/ 0 18th day of QQQ short term down-trend; housing has turned? http://wishingwealthblog.com/2012/05/18th-day-of-qqq-short-term-down-trend/ http://wishingwealthblog.com/2012/05/18th-day-of-qqq-short-term-down-trend/#comments Thu, 10 May 2012 11:00:24 +0000 Dr. Wish http://wishingwealthblog.com/?p=3553 In cash. But check out IBD’s article on resurgence of housing.  I found it after noticing the new home developments that are being initiated near my home. The builders must be sensing renewed demand.

  • gmi: 1
  • gmi-2: 0
  • t2108: 35
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