Dr. Wish | Wishing Wealth Blog

New $QQQ short term down-trend

Thursday, December 10, 2015 @ 9:29 pm by Dr. Wish

GMI1/6

GMI-23/9

T210826%

I am more confident of a change in trend after it has lasted 5 days. The GMI has also flashed a Sell signal but is also subject to whipsaw moves. I am on the sidelines waiting for the trend to define itself more clearly.

$QQQ short term up-trend in jeopardy

Wednesday, December 9, 2015 @ 10:28 pm by Dr. Wish

GMI2/6

GMI-24/9

T210827%

Market looking mighty weak to me. GMI could issue a Sell signal with a weak day on Thursday.

46th day of $QQQ short term up-trend; Dow theory warning?

Tuesday, December 8, 2015 @ 9:10 pm by Dr. Wish

GMI3/6

GMI-24/9

T210831%

A lot of bounces off of support are failing. Time to be very defensive. This chart of the Dow Jones Transportation average shows it to be in a Stage IV decline. Is this another Dow Theory sell signal?

Selected stocks that have had a successful recent Green Line Breakout (GLB). One can really profit by buying stocks breaking out to all-time highs after a consolidation of 3 months or more, my GLB Setup.

Sym.	Date	GLB $	Now $	Chg.
FTAI	10/26/23	$34.79	$130.10	273.96%
META	1/23/24	$384.33	$668.13	73.84%
APP	9/17/24	$116.09	$410.45	253.56%
COST	12/11/23	$615.27	$1,035.60	68.32%
GDDY	11/22/23	$93.75	$174.07	85.67%
WING	11/15/23	$223.77	$236.38	5.64%
CAVA	4/22/24	$58.10	$104.22	79.38%
CAH	11/3/23	$95.45	$127.55	33.63%
PGR	10/13/23	$149.87	$272.63	81.91%
ANF	12/18/23	$85.77	$102.15	19.10%
MPTI	10/9/23	$21.00	$35.00	66.67%
AGX	9/6/24	$76.70	$126.48	64.90%
SFM	1/29/24	$49.45	$143.48	190.15%
CBOE	8/4/23	$138.54	$210.79	52.15%
VST	8/4/23	$27.96	$142.76	410.59%
MOD	8/3/23	$37.62	$83.36	121.58%
VRT	8/2/23	$28.80	$91.02	216.04%
PSN	8/2/23	$50.15	$58.75	17.15%
PHM	4/25/23	$63.90	$101.70	59.15%
CRS	4/23/24	$79.66	$200.18	151.29%
IBKR	2/9/24	$95.59	$214.61	124.51%
EAT	10/1/24	$78.33	$153.07	95.42%