Wishing Wealth Blog

Welcome to all of those who attended the U of MD. financial planner workshop on Wednesday.   You can find the list of the books I mentioned in my speech to the lower right side of this page.   For a quick review of my approach, please watch the December, 2012 video, link to the right of this post.

The SPY (S&P 500 ETF) remains in a longer term Stage 2 up-trend.   The weekly chart below shows the SPY to be rising nicely above its 30 week average (red line).

The QQQ (NASDAQ 100 ETF) is also in a Stage 2 up-trend, but is a little weaker than the SPY, as it is hugging the 30 week line. The green and red arrows on this chart represent the GMI buy and sell signals.

I remain fully invested in mutual funds in my university pension.

This daily chart shows that the QQQ is now above its descending trend line (green line).   However, as usual, it met resistance at the upper 15,2 Bollinger Band.   Today was the first day of a new short term up-trend within a longer term up-trend. Note that the 30 day average (red line) is starting to curve up, a sign of strength.   The GMI has turned 5 (of 6) and remains on the Buy signal triggered on April 22nd.

Another up day on Tuesday will begin a new QQQ short term up-trend. As this daily chart shows, the QQQ finally closed above its declining trend line (green line). If it holds, this could be the start of a nice up-trend.