Archive for the ‘ General Market Index (GMI) table ’ Category

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Aug 24.14 / Dr. Wish
7th day of $QQQ short term up-trend; Cramer gets, then loses religion!

I wrote in In 2009, after many of the stocks that he had advocated had fallen, that Jim Cramer had finally got religion and embraced technical analysis.  For many prior shows he had called chartists “morons.”  He learned the hard way that buying good companies during a bear market was foolish.  Hence his new found […]

Aug 17.14 / Dr. Wish
GMI signals “Buy”

It is very difficult for me to fly by instrument, but the GMI has just issued a Buy signal. Talk about head fakes! I am mainly in cash in my trading accounts and making small bets.

Aug 10.14 / Dr. Wish
Critical market juncture–bounce or plummet

The market came back enough on Friday to open the possibility of a meaningful bounce. The QQQ and AAPL closed just above their 10 week averages.  This week will tell us if this rise will hold. On the bull side is the fact that the T2108 and the daily stochastic indicators reached oversold extremes last […]

Aug 03.14 / Dr. Wish
GMI Successful 10 Day New High Indicator Predicted Current Decline; $T2108 indicator, $AAPL

As you know, I like to focus on stocks breaking to new 52 week highs.  Strength usually begets strength. One of the things that my stock gurus (Livermore, Darvas, O’Neil) have noticed  is that when a lot of the the types of stocks they traded broke out and did not continue higher it  often provided […]

Jul 27.14 / Dr. Wish
$QQQ short term up-trend reaches 52nd day; 30% of $DOW 30 stocks weak; $GLD bottom?

The short term up-trend in the QQQ that, according to my definition (proprietary, so don’t ask for it),  began on May 13 has now extended to 52 trading days. While two of the up-trends since 2006  have lasted  80 and 88 days, of the 11 up-trends that lasted  50 to 88 days, 45% ended by […]

Jul 21.14 / Dr. Wish
GMI still on buy signal from April 22

It was great to see many of you at Saturday’s  AAII workshop.  Friday was 47th day of current $QQQ short term up-trend.  IBD still sees “uptrend under pressure.” This weekly chart shows that QQQ remains in a strong Stage 2 up-trend, however. Click on chart to enlarge.

Jul 13.14 / Dr. Wish
42nd day of $QQQ short term up-trend; DC AAII work-shop July 19

Next Saturday, Dr. Alan Ellman and I will be doing an AAII work-shop in Virginia.  I hope to see you there. Meanwhile, GMI is at 5 (of 6) and still on a Buy signal.

Jul 06.14 / Dr. Wish
37th day of $QQQ short term up-trend–extended?

All of my GMI indicators remain positive. Since the GMI Buy signal on 4/22, the QQQ has advanced +9.3%, the SPY is up +5.5% and the DIA is up +3.4%.  The QQQ leveraged ETF’s are up:  QLD +19.4% and TQQQ +30.5%.   One of the best ETF performers has been SOXL, up +34.5%. During this same […]

Jun 29.14 / Dr. Wish
End of 2nd quarter on Monday; $SPY and $QQQ in Stage 2 Up-trends–with $AAPL

All GMI components are positive. SPY remains in a Stage 2 up-trend (weekly charts): As is the QQQ: As is AAPL. See you at my AAII work shop on July 19?

Jun 22.14 / Dr. Wish
RWB patterns in $QQQ across time periods; $PTLA and $STZ; See you in July?

I have written before that an RWB pattern, where short term averages (red lines) are well above rising longer term averages (blue lines) such that there is a white space in between them, is typical of rocket stocks.  I decided to create these modified GMMA charts for four time periods to get an idea of […]

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