Blog: Day 2 of new $QQQ short term down-trend; A lot of key stocks are technically weak. Look at daily Guppy chart since June. Will stocks resume up-trend with 2nd Quarter earnings?

@ 8:59 pm
GMI4/6
GMI-23/9
T210848%

We had many US stocks at 52 week highs and at ATHs on Thursday. But QQQ and SPY are weakening.The daily Guppy chart shows the lateral movement in QQQ, compared with the nice prior up-trend. In early July, when 2nd quarter earnings  come out we may see a rise, or we may not. Just in case, I nibbled at SQQQ. Time will tell.

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2 thoughts on “Blog: Day 2 of new $QQQ short term down-trend; A lot of key stocks are technically weak. Look at daily Guppy chart since June. Will stocks resume up-trend with 2nd Quarter earnings?”

  1. Dr. Wish could you please clarify. You state day 2 of QQQ short term downtrend in you blog. However, on the right hand side it states GMI GREEN since April 10,2026. Yet you are purchasing SQQQ. Is there are particular signal that you have used these many years. Guppy, you downtrend signal or the GMI Green

  2. Wondering the same. Do you have an article or vid that explains what signal you use for short term uptrend or longtrend changes?

    Thanks!

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