GMI: 0; GMI-R: 1; T2108: 48%

@ 8:30 am
GMI0/6
GMI-R1/10
T210848%

The GMI-R rose to one on Wednesday.   The QQQQ completed the 9th day of its short term down-trend.   However, the QQQQ is just below its critical   moving average.   A rise from here could turn the short term trend positive.   The market seems able to hold up under a flood of bad earnings.   So, the selling may be done for now.     This appears to be a time of considerable back and forth in the market.   I remain mainly in cash.

Welcome to the new *and improved* Wishing Wealth

@ 1:29 pm

grand opening Hello and welcome to the new home of Dr. Wish’s Wishing Wealth Blog. I’m your host: Mr. Wish.

My dad has been slaving over this blog for a few years now and I have always felt incredibly inspired by his commitment and devotion to his field. And you’re probabaly thinking, jeez aren’t you lucky to have a dad who’s so savvy about the stock market, you’re gonna be filthy rich if you just follow his financial advice. Unfortunately for me the only advice I have ever taken from him is to follow your passion. My passion is designing web sites. Enter: the new wishing wealth blog.

I designed this site as a dedication to my dad, because he has provided me with all the support in the world to do what I love. I wanted to make sure I had the chance to return the favor. Keep up the good work, pops.

Now let’s get down to business and let me introduce you to some of the features of the new site:

Read more

And the beat (bear) goes on; GMI, GMI-R: 0; T2108: 40%

@ 10:13 pm

Only 2 new highs (AVAV and ASEI) and 192 new lows in my universe of 4,000 stocks on Friday. The QQQQ completed its 7th day of the current short term down-trend. The prior QQQQ up-trend lasted only 24 days and did not deliver much of a rise. GMI0123 Only 20% of the Nasdaq 100 stocks have an MACD above its signal line. The T2108 indicator is at 40%, well within a neutral zone. I see no signs of a bottom. In fact, things look pretty much in a solid down trend. I remain mainly in cash.