Dr. Wish

Blog post: Day 16 of $QQQ short term down-trend; But $UPST moving up after green and black dot signals, see chart. Masked by the the indexes, many promising stocks are setting up. See $INMD chart too

@ 10:26 pm
GMI2/6
GMI-23/9
T210850%

UPST took off after its last earnings release in early August. This year’s earnings are projected to rise +893%. I missed the rise last August and was waiting for the stock to become oversold and to bounce. That is what the dots show. When earnings are released on November 9, we could see a repeat. Note the constricting Bollinger bands too. It needs to hold the bounce.

Blog post: See new Rising Stochastics tutorial on Youtube; It is easy to get swept up in a declining market and miss the gems that are already showing strength–they are like a basketballs held under water that will explode up when the market turns up and releases them; Last week there were 10 possible growth stocks that I noticed had a GLB, breaking out to all time highs that I intend to monitor:$BLDR,$FOCS,$LPLA,$MC,$TBBK,$KFRC,$WAL,$UMBF,$SF,$CASH; also watching $UPST for a GLB; here are some charts

@ 12:51 pm
GMI2/6
GMI-24/9
T210848%

By the way, if you search Dr Wish on youtube you can find my TraderLion workshop presentation and a tutorial on putting my green and black dot signals on TC2000 charts. Look for Rising Stochastic Indicators tutorial just completed by my co-instructor.

Weekly charts show stock patterns most clearly. WAL has had a nice cup and small handle break-out.

As BLDR.

And FOCS

And LPLA

And KFRC

I am also watching UPST for a possible GLB. See monthly chart.

The GMI remains on a Red signal but in the past has been slow in catching bottoms. Only 40% of newsletter writers are bullish, down from over 60%. Remember, bottoms often occur in October and 3rd quarter earnings are about to come out. Watch how the market reacts to earnings as an indication of its health.