IndicatorsGMI: 6/6GMI-2: 4/8T2108: 66%Stocks tend to rise in anticipation of earnings and rest or decline afterwards. I expect more churning until the end of quarter mutual fund window dressing period in late March and the anticipation of first quarter 2021 earnings. Also, most QQQ short term up-trends end by 80 days. The post Blog: 71st day of $QQQ short term up-trend; Post-earnings lull period? first appeared on Wishing Wealth Blog. [Read More...]
67th day of $QQQ short term up-trend but 20 year treasuries ($TLT) are in a Stage IV decline=rising interest rates
IndicatorsGMI: 6/6GMI-2: 7/8T2108: 73%The post 67th day of $QQQ short term up-trend but 20 year treasuries ($TLT) are in a Stage IV decline=rising interest rates first appeared on Wishing Wealth Blog. [Read More...]
62nd day of $QQQ short term up-trend; Betting/igaming ETF, $BETZ, hitting the jackpot
IndicatorsGMI: 6/6GMI-2: 7/8T2108: 66% The post 62nd day of $QQQ short term up-trend; Betting/igaming ETF, $BETZ, hitting the jackpot first appeared on Wishing Wealth Blog. [Read More...]
$QQQ back in channel after over-shoot–potential sign of technical weakness
IndicatorsGMI: 5/6GMI-2: 5/8T2108: 53%The post $QQQ back in channel after over-shoot–potential sign of technical weakness first appeared on Wishing Wealth Blog. [Read More...]
Blog post: $QQQ outside channel; return to inside channel will signal weakness
IndicatorsGMI: 6/6GMI-2: 7/8T2108: 71%The post Blog post: $QQQ outside channel; return to inside channel will signal weakness first appeared on Wishing Wealth Blog. [Read More...]
Blog post: Long term treasury bonds about to enter ominous weekly BWR down-trend, signaling higher interest rates
IndicatorsGMI: 6/6GMI-2: 6/8T2108: 73%Mortgage rates will be heading higher and higher interest rates eventually kill bull markets for equities. The Fed has been buying bonds to keep interest rates low. That may be ending? The post Blog post: Long term treasury bonds about to enter ominous weekly BWR down-trend, signaling higher interest rates first appeared on Wishing Wealth Blog. [Read More...]
43rd day of $QQQ short term up-trend; $QQQ likely to have WGB
IndicatorsGMI: 6/6GMI-2: 5/8T2108: 75%This weekly chart shows that $QQQ is likely to end this week with a weekly green bar (WGB) as it retakes its 4 week average (red dotted line) and closes the week higher than last week’s close. A close next week below the low of this week’s WGB (305.18) would be a significant sign of short term technical weakness. Advancing stocks and ETFs hold the pattern of weekly closes above the 4 wk and 4wk>10wk>30wk. For now, QQQ remains in a strong up-trend. The post 43rd day of $QQQ short term up-trend; $QQQ likely to have WGB first appeared on Wishing Wealth Blog. [Read More...]
The times, they are a-changing–$ZM in daily BWR pattern for first time since last December
IndicatorsGMI: 6/6GMI-2: 7/8T2108: 72%Jesse Livermore once wrote how easy it was to unload stocks on the public during a decline from highs. ZM may not be a bargain here. I never buy a stock when its shorter term averages (red) are declining below the falling longer term averages (blue). The post The times, they are a-changing–$ZM in daily BWR pattern for first time since last December first appeared on Wishing Wealth Blog. [Read More...]
$MGNI flying after GLB
IndicatorsGMI: 6/6GMI-2: 7/8T2108: 76%The post $MGNI flying after GLB first appeared on Wishing Wealth Blog. [Read More...]
GMI signals get me in and out of QQQ; 30th day of $QQQ short term up-trend;
IndicatorsGMI: 6/6GMI-2: 7/8T2108: 83%The post GMI signals get me in and out of QQQ; 30th day of $QQQ short term up-trend; first appeared on Wishing Wealth Blog. [Read More...]
25th day of $QQQ short term up-trend; GLB: $ADPT
IndicatorsGMI: 6/6GMI-2: 6/8T2108: 79%Will ADPT hold green line? The post 25th day of $QQQ short term up-trend; GLB: $ADPT first appeared on Wishing Wealth Blog. [Read More...]
20th day of $QQQ short term up-trend; $SBUX has GLB, but with low volume
IndicatorsGMI: 6/6GMI-2: 7/8T2108: 77%The post 20th day of $QQQ short term up-trend; $SBUX has GLB, but with low volume first appeared on Wishing Wealth Blog. [Read More...]
Dow 30 index ETF ($DIA) is holding recent GLB
IndicatorsGMI: 6/6GMI-2: 7/8T2108: 79%The post Dow 30 index ETF ($DIA) is holding recent GLB first appeared on Wishing Wealth Blog. [Read More...]
$SBUX heading towards GLB–weekly chart
IndicatorsGMI: 6/6GMI-2: 6/8T2108: 78%The post $SBUX heading towards GLB–weekly chart first appeared on Wishing Wealth Blog. [Read More...]
Daily modified GMMA chart clearly shows when trading growth is more profitable–when there is a daily RWB up-trend pattern
IndicatorsGMI: 5/6GMI-2: 7/8T2108: 69%RWB up-trend pattern=shorter term averages (red) rising well above rising longer term averages (blue). Dotted line is daily close and leads all averages. Current QQQ market remains in a lateral trading range until it breaks up or down and forms a consistent RWB or BWR pattern (see BWR down-trend last March). Much more difficult to make money now by buying growth stocks. The post Daily modified GMMA chart clearly shows when trading growth is more profitable–when there is a daily RWB up-trend pattern first appeared on Wishing Wealth Blog. [Read More...]
GMI turns Green, first day of new $QQQ short term up-trend; many GLBs: $IIPR $PDD $CGNX $LI $FTCH
IndicatorsGMI: 6/6GMI-2: 7/8T2108: 58%Some weekly charts of stocks having a GLB to an ATH this week. Volume total for the week is based on first 4 days and will be much higher by close on Friday. Many of these came up intraday on alerts I had set on TC2000. The post GMI turns Green, first day of new $QQQ short term up-trend; many GLBs: $IIPR $PDD $CGNX $LI $FTCH first appeared on Wishing Wealth Blog. [Read More...]
Day 1 of new $QQQ short term down-trend; GMI=1, to turn Red by Friday’s close; cash and $SQQQ
IndicatorsGMI: 2/6GMI-2: 1/8T2108: 30%Double top may be in place. The post Day 1 of new $QQQ short term down-trend; GMI=1, to turn Red by Friday’s close; cash and $SQQQ first appeared on Wishing Wealth Blog. [Read More...]
$QQQ needs to close (dotted line) above 285.52 to be above all shorter term averages (red lines)
IndicatorsGMI: 4/6GMI-2: 4/8T2108: 55%The post $QQQ needs to close (dotted line) above 285.52 to be above all shorter term averages (red lines) first appeared on Wishing Wealth Blog. [Read More...]
6th day of $QQQ short term up-trend; $FDX holds GLB
IndicatorsGMI: 5/6GMI-2: 6/8T2108: 57% Weekly chart shows how FDX is holding its 4 week average (red dotted line). Note 5 WGBs! The post 6th day of $QQQ short term up-trend; $FDX holds GLB first appeared on Wishing Wealth Blog. [Read More...]
Day 1 of new $QQQ short term up-trend! Beginning of daily RWB up-trend for $QQQ
IndicatorsGMI: 6/6GMI-2: 6/8T2108: 61%QQQ closed (dotted line) above all 12 averages and is leading the shorter term averages (red) above the longer term averages (blue) so there is white space between them= RWB up-trend. $DIA and $SPY have similar patterns. The post Day 1 of new $QQQ short term up-trend! Beginning of daily RWB up-trend for $QQQ first appeared on Wishing Wealth Blog. [Read More...]
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