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

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Jan 25.15 / Dr. Wish
Fly by my gut or follow my instruments? (fasten seat-belts!) $AAPL looks strong

Every once in a while my technical indicators point one way and my gut to another.  While I have never systematically analysed how often which way was correct, I suspect it was my instruments.  The market tends to move in a direction opposite to the way my emotions point. This may be one of those […]

Jan 19.15 / Dr. Wish
Where now $QQQ?

It is impossible to consistently predict what the market will do, except by luck.  It is still possible, however, to use technical signposts to give one an edge for acting. This daily chart of QQQ shows some interesting things I monitor. First of all, the QQQ is below its 30 day average (red line) that […]

Jan 10.15 / Dr. Wish
GMI Sell signal remains in place; very cautious as bonds march higher

My indicators weakened on Friday and so the GMI Sell signal remains in place.  My more sensitive measure of the short term trend of the QQQ also remains down, now having reached 6 days.  I am holding mainly biotech stocks which have been miraculously bucking any market weakness, some SQQQ as a hedge,  and a […]

Jan 04.15 / Dr. Wish
Market at crossroad; $AAPL –time to exit?

It is noteworthy that the IBD market pulse claims the market up-trend to be under pressure. My GMI is now 3, indicating a market trend that is midway between up-trend and down-trend.  Nevertheless, with my QQQ short term trend count now turning down, I am taking money off of the table. My university pension assets […]

Dec 28.14 / Dr. Wish
Whither oil?

One of my students made a small fortune  the next year after taking my honors course by shorting (buying put options) USO during oil’s collapse in 2008.  I took a look at the chart of USO, an oil commodity ETF, and was surprised to see that USO has now closed below the level of its  […]

Dec 21.14 / Dr. Wish
1st day of new $QQQ short term up-trend; GMI back to Buy

The QQQ short term down-trend only lasted 4 days. I have written that short term down-trends often last under 5 days and that I do not trust a short term trend change until it persists for at least 5 days. The GMI Sell signal also only lasted for 4 days. As of Friday’s close the […]

Dec 14.14 / Dr. Wish
Trend change imminent; World markets in free-fall

The GMI registered 2 after Friday’s close and will likely be 2 or less again on Monday, triggering a GMI Sell signal. If so, I will close out my few longs and accumulate a leveraged inverse ETF (SQQQ). The T2108 is at 36% and has a long way to fall before our markets are at […]

Dec 07.14 / Dr. Wish
9 Biotechs and 1 ETF near green line break-outs (all-time highs): $AGIO,$ALXN,$BSTC,$CMRX,$ENTA,$ILMN,$JAZZ,$KITE,$RGLS,$BIB

Most of the stock gurus whom I respect have written that one can make the most money by investing in  companies that have visionary, often revolutionary products. When Nicolas Darvas made millions  in the 1950s he invested in rockets, as the country became involved in a race to space. Other more recent examples are the […]

Nov 30.14 / Dr. Wish
25th day of $QQQ short term up-trend; Warning signs appear

A few warnings signs flashed on Friday.  While 82% of the Nasdaq 100 stocks rose, only 31% of all U.S. stocks rose.  As I tweeted during the day, the Worden T2108 fell on Friday in the midst of the rise in techs and was a cause for concern.  (My rare tweets can be followed: @WishingWealth) […]

Nov 23.14 / Dr. Wish
21st day of $QQQ up-trend; indexes may be over-extended

The three market index ETFs I follow (DIA, QQQ, SPY) all opened outside of their upper daily 15.2 Bollinger Bands and closed back below them. This may represent extremely over-bought conditions. A down day on Monday would likely indicate some retracement of the recent rally will take place. I am therefore very cautious about the […]

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