General Market Index (GMI) table

Blog Post: Day 1 of new $QQQ short term up-trend, GMI will likely flash GREEN Monday! $QQQ and $SPY have closed back above their 10 week averages. I will slowly accumulate $TQQQ. See my adapted daily Guppy chart of $QQQ. Back in a week.

@ 2:08 pm
GMI6/6
GMI-26/9
T210853%

On Day 1 of a new short term up-trend it is very difficult psychologically to go long immediately because the market, by definition, had recently been declining. It is tempting to drive with one’s hands on the rear view mirror instead of the steering wheel. So I will add a little TQQQ and accumulate more if the new up-trend persists. In a long up-trend TQQQ beats more than 95% of individual stocks. Search my blog for the evidence.  About 20% of new short term up-trends end within 5 days. But the GMI table below also shows many promising signs. With the GMI=6, it will likely flash a GREEN signal on Tuesday. I will be without a computer this week and will still try to tweet out if there is a change in the short term trend. Some time for a vacation before my fall class. Sign up to get my tweets on X, @wishingwealth.

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Blog Post: Day16 of $QQQ short term down-trend; Stop trying to predict in advance a decline or bottom and wait for it to happen; $QQQ and $SPY are in daily BWR down trends, see daily Guppy charts of QQQ,SPY,MAGS and NVDA below.

@ 4:40 pm
GMI1/6
GMI-23/9
T210842%
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The GMI is RED and it makes sense to me to be in cash in my trading accounts. Vacation time!  Plenty of time to get in once there is an up-trend and a daily RWB pattern. One loses a lot of $$$ trying to catch the bottom. NO ONE KNOWS WHERE OR WHEN IT WILL OCCUR. Traders who got in last May had lots of time to ride the up-trend. It is that simple.

Even the Magnificent 7 ETF is entering a daily BWR down-trend. Ride it in a RWB up-trend! Look at NVDA.

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The weekly 10.4 stochastic for QQQ is at 33. Strong up-trends occur with this indicator consistently above 80. Look at the recent evidence for QQQ. We must be patient.

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Blog Post: Day 6 of $QQQ short term down-trend; GMI=4 and GREEN, see table; $QQQ is now below its 10 week average; Is QQQ heading towards a daily BWR down-trend?

@ 3:10 pm
GMI4/6
GMI-24/9
T210867%

My adapted Guppy chart shows that a BWR down-trend pattern may be forming. Until QQQ closes (shown by dotted line) above all 12 of the red/blue averages, I will not go long TQQQ, or buy any Nasdaq 100 stocks. Look at the turnaround pattern that occurred  last May. The key to success is to not go long until AFTER an up-trend is apparent. Access my blog at: www.wishingwealthblog.com.

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The GMI remains GREEN at 4 of 6. The weekly 10.4 stochastic is only at 68. Strong up-trends remain above 80.

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