62nd day of $QQQ short term up-trend; $GLD and $ISRG in BWR down-trends

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Yesterday I showed you   the RWB rocket stock pattern and how it helps me to identify strong stocks.   Tonight I will show you the reverse, the BWR pattern, that can keep me out of stocks in a major down-trend. You can see from this weekly Guppy chart of GLD, how it alerted me early on to the down-trend in gold. Who in their right mind should have been long gold in 2013?

GLDguppy01092014

This chart shows ISRG’s transition from an RWB up-trend into a BWR down-trend.

ISRGguppy01092014

A weekly Guppy chart is all I need to determine the longer term trends of a stock, ETF or mutual fund. Guess what pattern the Dow has……..

Dowguppychart01092014

2 thoughts on “62nd day of $QQQ short term up-trend; $GLD and $ISRG in BWR down-trends”

  1. There is no PCF. You just have to add the 12 weekly exponential moving averages to the price chart: 3,5,8,10,12,15, 30, 35,40,45,50,60

    I also add a moving average with period of 1 to get the weekly close.

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