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

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Nov 22.15 / Dr. Wish
35th day of $QQQ short term up-trend; QQQ-RWB up-trend; $NTES, $LOW, $KITE–possible GLB

Curiously, there were still more now lows than highs on Friday.  This may be because the SPY and DIA are not as strong as the QQQ, which is composed mainly of nonfinancial tech stocks.  The QQQ is clearly in the beginning of a RWB up-trend and heading to new highs. But the SPY and DIA […]

Nov 15.15 / Dr. Wish
GMI near a Sell signal, markets at a critical juncture

I wrote weeks ago that I had exited the market in all of my accounts and wanted to see how the rebound from the summer lows proceeded. (I cringed as the market recovered.) The market is now at a very critical point.  The indexes could not hold new highs and have turned down. As I […]

Nov 08.15 / Dr. Wish
25th day of $QQQ short term up-trend; bonds finally breaking down and dollar rises

The 20 year treasury bond ETF, TLT, is now entering a Stage IV decline. Interest rates are on the rise and this is never good for the market.  People will be able to earn more from savings deposits and will be less likely to invest in stocks. And the rising rates will cause the dollar […]

Nov 01.15 / Dr. Wish
20th day of $QQQ short term up-trend; $SPY still struggling; 11 GLB stocks

The SPY is fighting its way back from the summer swoon. It has taken 9 weeks to retrace the decline that occurred in 2 weeks in August. (Stocks always decline faster than they rise.) However, note the overhead resistance coming up and the fact that the 10 week average (blue doted line) is still far […]

Oct 25.15 / Dr. Wish
15th day of $QQQ short term up-trend; still a chicken

Here I am in cash and not participating in this rebound. Then again, I did not have to worry about the summer decline as I was safely on the sidelines. So what to do now? True, according to the Sell in May mantra, one should get back into the market at Halloween, as Mark Hulbert […]

Oct 19.15 / Dr. Wish
GMI back to Buy

The QQQ’s 10 week average (blue dotted line) is still below its 30 week average (solid red line). A sign of strength–the 4 week average (red dotted) has now crossed above the 10 week average. I remain on the sidelines, in cash.

Oct 11.15 / Dr. Wish
5th day of $QQQ short term up-trend; jury still out

GMI may flash a Buy if Monday is strong. I am not ready to wade back into this market, however, until the QQQ retakes its 30 week average (red line), currently at 107.87. I also want to see its 10 week average (blue dotted line) back above the 30 week.  

Oct 06.15 / Dr. Wish
New $QQQ short term up-trend

While the short term trend is now up, I do not have confidence in a change until it lasts 5 days. While this is a nice rally, the longer term trends are still down–for now. Here is the GMI table I should have posted yesterday. The T2108 zoomed to 45 on Monday.  

Oct 04.15 / Dr. Wish
IBD calls market up-trend; $SLP –green line break out worth watching

Based on their methodology, IBD says in Monday’s edition  that Friday’s rise constituted a follow through day and that they believe that the market  is now in a “confirmed up-trend.”  I find IBD’s market calls to be analogous to my very short term trend indicator for the QQQ (currently in the tenth day of a […]

Sep 27.15 / Dr. Wish
All of my indicators are negative; 100% cash; $CURE getting sick

Nobody knows when this market will find a bottom. Note in this “naked” weekly chart of the QQQ, the 4wkavg(red dotted)<10wkavg(blue dotted)<30wkavg (solid red line). This is my primary definition of a  “submarine” pattern. It shows a stock or ETF in a significant down-trend. I am in cash in both my university pension and all […]

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