Dr. Wish

The GMI is back to +6.  All long term indicators are positive, as are almost all short term indicators.  Monday was the first day in the new QQQQ short term up trend.  There were 396 new highs in my universe of 4,000 stocks.  65% of stocks closed above their 10 week averages and 46% are in a short term up trend.  I am glad I own CMG.  This is the third stock that I bought based on my sons’ advice about an awesome company.  The others were XMSR, that I bought around $2 when my elder son discovered XM radio, and AAPL, based on their love of Ipods.  There is something to be said for the Peter Lynch method of buying companies who appear to have popular products that are noticed by family members.

Please send your comments to:  silentknight@wishingwealthblog.com.

The GMI remains at +5.  The QQQQ remains the weakest indicator of the three.  Only 40-45% of the stocks in the QQQQ, DIA and SPY advanced on Wednesday.  There were 249 new highs in my universe of 4,000 stocks.  44% of stocks are in a short term up trend.  Wednesday was the third day in the current short term decline in the QQQQ………….

Please send your comments to:  silentknight@wishingwealthblog.com.

The GMI declined one to +5, as the QQQQ weakened.  Tech stocks continue to underperform, with serious declines in some biotechs.  53% of the Nasdaq 100 stocks advanced on Tuesday, compared with 65% of the S&P 500 stocks and 77% of the Dow 30 stocks. Still, 275 stocks hit new highs.  The GMI-S fell to 69, primarily because of weakness in the QQQQ’s short term indicators.  BBH and DNA continue to weaken.

Please send your comments to:  silentknight@wishingwealthblog.com.