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

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May 25.15 / Dr. Wish
10th day of $QQQ short term up-trend; $AAPL leading market higher; 5 GLB stocks; GLB in IPOs

With AAPL showing strength, it looks like this market will move higher. Check out AAPL’s daily chart. And its strong RWB pattern. Stocks are breaking through their green line tops to all-time highs. Like SYNA And IMAX And MGA And TCX And CTRP I like to hold stocks that break up through their green line […]


May 17.15 / Dr. Wish
5th day of $QQQ short term up-trend; Death of the 3D printing fad-$DDD, $SSYS

All of my GMI and GMI-2 indicators are positive. This market acts like it wants to continue the longer term up-trend. I thought you might like to see the value of the GMMA for tracking the life cycle of a growth stock. DDD remained in an RWB up-trend for most of the period from 2012-2013. […]


May 10.15 / Dr. Wish
GMI back to 4; see-saw market but longer term trends remain up

IBD still sees the market in a correction, the GMI is on a Sell signal and the QQQ has completed the second day of its new short term down-trend. BUT, both the QQQ and SPY closed  above their 10 week averages and the QQQ closed above its recent channel again.  Bottom line— time to be […]


May 03.15 / Dr. Wish

Apr 26.15 / Dr. Wish

Apr 19.15 / Dr. Wish
Where to from here?

The QQQ (and the SPY and DIA) are following a pattern similar to the one formed in December and January. The market rises and then enters a downward sloping channel of consolidation. I have drawn in the channel lines in the daily chart of the QQQ below. There are three things I look for in […]


Apr 12.15 / Dr. Wish
New $QQQ short term up-trend

All of my GMI and GMI2 components are positive. The QQQ and SPY have now closed back above their 10 week averages. Time to trade on the  long side again, at least until earnings season is over.


Apr 05.15 / Dr. Wish
Using the modified GMMA to dissect the DOW-30

With the GMI stuck at a middle 3 reading (see table below), I thought it might be useful to analyze the Dow-30 stocks according to the patterns I have been writing about that use a modified GMMA chart. It is noteworthy that a little less than one half (14) of the Dow 30 stocks remain […]


Mar 29.15 / Dr. Wish
GMI holds; market due for 1st quarter earnings bounce?

The GMI rose to 3 on Friday (see table below), keeping the January Buy signal in place. Nevertheless, Friday marked the second day of the new QQQ short term down-trend. A good many of these short term down-trends since 2006 lasted under 5 days. I think it likely that we have finished with the customary […]


Mar 22.15 / Dr. Wish
4th day of $QQQ short term up-trend; Trading RWB break-outs

IBD says the market uptrend has resumed.  All of my GMI and GMI2 components are positive. This GMMA chart of the NASDAQ Composite index shows it to be in a strong RWB up-trend.  Note the weekly close (dotted line) is back above all of the other moving averages.     I use TC2000 to scan […]




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