Wishing Wealth - Stock Market Technical Indicators & Analysis

Blog Post: Day 5 of $QQQ short term up-trend; only 46 US new highs, 45 lows and 4 ATHs; $GLD continues to shine, see up volume spikes, and flight from dollar, see charts

Thursday, January 19, 2023 @ 10:10 pm by Dr. Wish

GMI3/6

GMI-25/9

T210861%

Note the black volume spikes (up days) since November. Are institutions running to gold for fear of US default?

And fleeing the dollar.

Blog Post: Day 4 of $QQQ short term up-trend; But many break-downs; Very defensive, see chart of $DIA

Wednesday, January 18, 2023 @ 9:49 pm by Dr. Wish

GMI4/6

GMI-25/9

T210866%

Back in cash for now. Even sold my TQQQ. DIA looking weak. Too many break-downs.

Blog Post: Day 3 of $QQQ short term up-trend, see daily chart

Tuesday, January 17, 2023 @ 10:02 pm by Dr. Wish

GMI4/6

GMI-26/9

T210874%

The bottom seems to be holding and the 8 EMA (dotted line) is now above the 21 EMA on this daily chart. Will it hold or break down like it did in December? Only time will tell.

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	$168.26	383.64%
META	1/23/24	$384.33	$565.11	47.04%
APP	9/17/24	$116.09	$319.59	175.30%
COST	12/11/23	$615.27	$960.89	56.17%
GDDY	11/22/23	$93.75	$197.43	110.59%
WING	11/15/23	$223.77	$337.16	50.67%
CAVA	4/22/24	$58.10	$142.54	145.34%
CAH	11/3/23	$95.45	$121.77	27.57%
PGR	10/13/23	$149.87	$265.88	77.41%
ANF	12/18/23	$85.77	$154.50	80.13%
MPTI	10/9/23	$21.00	$66.07	214.62%
PANW	8/21/23	$213.61	$386.38	80.88%
NVO	8/8/23	$86.49	$104.56	20.89%
CBOE	8/4/23	$138.54	$214.13	54.56%
VST	8/4/23	$27.96	$154.14	451.29%
MOD	8/3/23	$37.62	$137.40	265.23%
VRT	8/2/23	$28.80	$132.03	358.44%
PSN	8/2/23	$50.15	$96.73	92.88%
PHM	4/25/23	$63.90	$137.65	115.41%
CRS	4/23/24	$79.66	$195.09	144.90%
IBKR	2/9/24	$95.59	$190.98	99.79%
BX	10/11/24	$149.78	$193.12	28.94%