IndicatorsGMI: 6/6GMI-2: 6/8T2108: 63%The post Blog post: Day 4 of $QQQ short term up-trend; $SPY (and $DIA) back in daily RWB up-trends, see chart first appeared on Wishing Wealth Blog. [Read More...]

IndicatorsGMI: 4/6GMI-2: 5/8T2108: 59%The post Blog post: GMI signal could turn Green by Friday’s close; so many break-outs occurring; $QQQ closes above all 12 daily RWB averages first appeared on Wishing Wealth Blog. [Read More...]

IndicatorsGMI: 2/6GMI-2: 4/8T2108: 50%The post Blog post: Day 13 of $QQQ short term down-trend; $TLT in steep decline indicating higher interest rates and trouble ahead for the markets first appeared on Wishing Wealth Blog. [Read More...]

IndicatorsGMI: 1/6GMI-2: 1/8T2108: 38%Both have failed GLBs. The post Blog post: Day 8 of $QQQ short term down-trend; $AAPL to enter BWR daily down-trend, along with $AMZN after failed GLBs? first appeared on Wishing Wealth Blog. [Read More...]

IndicatorsGMI: 3/6GMI-2: 5/8T2108: 47%The post Blog post: Day 3 of $QQQ short term down-trend; $TLT breaks down again! first appeared on Wishing Wealth Blog. [Read More...]

IndicatorsGMI: 5/6GMI-2: 5/8T2108: 43%The post Blog post: Day 18 of $QQQ short term up-trend; Innovator IBD 50 Fund ETF moving up, retakes green line first appeared on Wishing Wealth Blog. [Read More...]

IndicatorsGMI: 6/6GMI-2: 7/8T2108: 44%Weekly chart.  Be careful when any stock floats above rising 4 wk avg (red dotted line). I wait for it to return to that average to buy. The post Blog post: Day 13 of $QQQ short term up-trend; While I missed it, $NFLX had a GLB last week–now extended above 4 week avg. first appeared on Wishing Wealth Blog. [Read More...]

IndicatorsGMI: 6/6GMI-2: 7/8T2108: 57%Note re-test of GLB and black dot (OSB) signal and bounce up off of lower 15.2 daily Bollinger Band. Why is GNRC rising? The answer is blowing in the wind….. (shocking!) The post Blog post: Day 9 of $QQQ short term up-trend; $GNRC continues to rise with hurricane season first appeared on Wishing Wealth Blog. [Read More...]

IndicatorsGMI: 5/6GMI-2: 7/8T2108: 40%Note over sold bounces (OSB) denoted by green and black dots. Thanks to my stock buddy, Judy, for telling me about GNRC years ago. Retakes 10 week average. The post Blog post: Day 4 of $QQQ short term up-trend; Hurricane season can move $GNRC higher as people deal with loss of power; see daily, RWB and weekly charts. first appeared on Wishing Wealth Blog. [Read More...]

IndicatorsGMI: 3/6GMI-2: 2/8T2108: 29%Note mini-decline in mid July. When/If daily close (dotted line) climbs above the 6 shorter red averages it will be time for me to go long again. The post Blog post; First day of new $QQQ short term down-trend; However, about 40% end within 5 days. Put/call ratio=.80, highest since .84 on 7/19 at bottom of last mini decline (see chart). Time to wait on sidelines. first appeared on Wishing Wealth Blog. [Read More...]

IndicatorsGMI: 6/6GMI-2: 5/8T2108: 45%The post Blog post: Day 55 of $QQQ short term up-trend; $AAPL to break out after VCP? first appeared on Wishing Wealth Blog. [Read More...]

IndicatorsGMI: 6/6GMI-2: 7/8T2108: 40%With the new bio-engineered COVIC vaccines it is to be expected that biotech stocks would be strong.  Hence the GLB in the biotech ETF, IBB. The green line peak occurred last February.  The volume was only about average on the break-out. Let’s see if it holds the green line on Friday. The following 3 stocks had a GLB on many times their average daily volume and are worth watching. If I own a GLB, I sell if it closes back below the green line. The post Blog post: Day 50 of $QQQ short term up-trend; $IBB had a GLB, so did $DDOG, $ZI and $SITM, charts provided first appeared on Wishing Wealth Blog. [Read More...]

IndicatorsGMI: 6/6GMI-2: 6/8T2108: 39%Strong GLB on above average volume (not shown). The post Blog post: 45th day of $QQQ short term up-trend; $AMD follows through post GLB; preparing for market weakness as we approach post-earnings lull, US debt limit issues, and weakest season for market first appeared on Wishing Wealth Blog. [Read More...]

IndicatorsGMI: 6/6GMI-2: 7/8T2108: 30%The post Blog post: Day 40 of $QQQ short term up-trend; $CRWD retakes green line first appeared on Wishing Wealth Blog. [Read More...]

IndicatorsGMI: 4/6GMI-2: 6/8T2108: 32%I went to cash in my trading account yesterday. I want to see if QQQ holds today. We are approaching a traditionally weak period in the market, especially after 2nd quarter earnings are out. GMI has declined to 4 (of 6). The post Blog post: 35th day of $QQQ short term up-trend but many stocks have failed break-outs, getting more defensive, GMI=4 first appeared on Wishing Wealth Blog. [Read More...]

IndicatorsGMI: 4/6GMI-2: 7/8T2108: 35%I always check the weekly chart before selling anything. This chart shows that the up-trend in QQQ is intact. A weekly close below the 4 wk average (red dotted line) would be first sign of weakening of an up-trend. The post Blog post: 30th day of $QQQ short term up-trend, GMI falls to 4 (of 6), more new lows than highs but weekly chart of QQQ shows strength; I always check weekly chart before selling first appeared on Wishing Wealth Blog. [Read More...]

IndicatorsGMI: 6/6GMI-2: 7/8T2108: 48%The post Blog post: 26th day of $QQQ short term up-trend; $QQQ remains in daily RWB up-trend first appeared on Wishing Wealth Blog. [Read More...]

IndicatorsGMI: 5/6GMI-2: 7/8T2108: 49%With the end of the 2nd quarter, mutual funds are dressing up their quarterly reports by buying the strongest stocks. Hence the rally we have seen in the tech stocks as evidenced by QQQ. Since the beginning of the QQQ short term up-trend on 5/26, QQQ has advanced +4.7% while TQQQ has advanced +14.7%. I like to ride TQQQ. Only nine Nasdaq100 stocks have advanced more than TQQQ. The post 21st day of $QQQ short term up-trend; End of quarter Window Dressing time; $TQQQ prevails again first appeared on Wishing Wealth Blog. [Read More...]

IndicatorsGMI: 6/6GMI-2: 7/8T2108: 47%https://drive.google.com/file/d/1M3nT4sAD1eRbVdJ0TBChPq1Y8adcmYKr/view?usp=sharingThe post Here is the link to my 2.5 hour presentation to Long Island StockTraders Meetup Group: https://drive.google.com/file/d/1M3nT4sAD1eRbVdJ0TBChPq1Y8adcmYKr/view?usp=sharing first appeared on Wishing Wealth Blog. [Read More...]

IndicatorsGMI: 6/6GMI-2: 6/8T2108: 59%I will be presenting at  free online meetings this weekend and next week. One is the TraderLion first annual conference on Saturday afternoon and the other is the Long Island  Stock Traders Meetup. I will be presenting at 2:30 PM EST Saturday at TraderLion and at 7:30 PM EST Wednesday evening at the Long Island Meetup. I wlll present somewhat different material at each, including GLB, yellow-band, WGB, RWB, green and black dot set-ups. I will also show how I use TC2000 and MarletSmith to find promising stocks. Hope to see you there. Growth stocks are gaining strength and $TQQQ is doing nicely. This weekly chart shows that $LOVE has a WGB (weekly green bar) signal, one of the indicators I will discuss at … [Read More...]