Dr. Wish | Wishing Wealth Blog

The longer term down-trend for QQQ is holding. As I said on Monday, it was important for QQQ to hold above its 4 week average (purple dotted line). It has not. I am almost all in cash with a small position in SQQQ. See weekly charts below.

Weekly BWR down-trend is intact.

Sym.	Date	GLB $	Now $	Chg.
FTAI	10/26/23	$34.79	$140.32	303.33%
META	1/23/24	$384.33	$673.70	75.29%
APP	9/17/24	$116.09	$331.00	185.12%
COST	12/11/23	$615.27	$1,031.97	67.73%
GDDY	11/22/23	$93.75	$176.96	88.76%
WING	11/15/23	$223.77	$227.81	1.81%
CAVA	4/22/24	$58.10	$98.96	70.33%
CAH	11/3/23	$95.45	$127.18	33.24%
PGR	10/13/23	$149.87	$273.43	82.44%
ANF	12/18/23	$85.77	$104.08	21.35%
MPTI	10/9/23	$21.00	$38.91	85.29%
AGX	9/6/24	$76.70	$132.20	72.36%
SFM	1/29/24	$49.45	$151.19	205.74%
CBOE	8/4/23	$138.54	$205.31	48.20%
VST	8/4/23	$27.96	$148.19	430.01%
MOD	8/3/23	$37.62	$87.01	131.29%
VRT	8/2/23	$28.80	$98.61	242.40%
PSN	8/2/23	$50.15	$59.08	17.81%
PHM	4/25/23	$63.90	$104.45	63.46%
CRS	4/23/24	$79.66	$199.18	150.04%
IBKR	2/9/24	$95.59	$206.66	116.19%
EAT	10/1/24	$78.33	$160.09	104.38%

Blog Post: Day 12 of $QQQ short term down-trend; 50 US new highs and 316 new lows; 9 stocks at ATHs, some look very interesting: $LNTH, $INSW, $LNG, $RXDX, $ALB and $ELF, see charts and complete list

Blog Post: Day 11 of $QQQ short term down-trend; 29 US new highs and 191 new lows; $SQQQ +16.5% as longer term down-trend of QQQ remains intact, see weekly and GMMA charts

Blog Post: Day 10 of $QQQ short term down-trend but $QQQ has an hourly RWB pattern