Blog Post: Day 1 of $QQQ short term up-trend; GMI=5; 113 US stocks reached an ATH; QQQ retakes 30 week average, but must hold above it to possibly begin a Stage 2 up-trend, but we are not there yet. Also, watch the 10 week average.

@ 9:32 pm
GMI5/6
GMI-26/9
T210847%

The 30 week average needs to continue to curve up in order to begin a Stage 2 up-trend. As I have written, a down-trend can have QQQ rebound to the 30 week average and then fail. This week’s close will be very important.The GMI is still on a RED signal but could flash GREEN on Thursday. There are many stocks having a GLB that I will talk about as things develop. I will be much more likely to get long when/if the 10 week average climbs back above the 30 week average. We still have 4wk<10wk<30wk down-trend. There are many months for me to get aboard a genuine new up-trend. As a recent retiree, I am much more conservative in my trading.

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3 thoughts on “Blog Post: Day 1 of $QQQ short term up-trend; GMI=5; 113 US stocks reached an ATH; QQQ retakes 30 week average, but must hold above it to possibly begin a Stage 2 up-trend, but we are not there yet. Also, watch the 10 week average.”

  2. Congrats on your retirement , I have been reading your reports for about 6 years now and I appreciate you continuing your blog, it takes a lot of dedication 😉
    Especially now .

    Thank you for your influence to my trading . Your a gem Dr Wish .

  3. Congratulations on your retirement, Doc!
    Chiming in too, to say how much I appreciate your blog, seminars, and having been Moglen’s professor.
    Best content one could ask for: all valuable, no grifting, no nonsense.
    Thank you Dr. Wish! May you have a great new phase in your life.

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