IndicatorsGMI: 4/6GMI-2: 4/9T2108: 61%I usually focus on the QQQ to gauge the market because tech stocks are often among the growth leaders. I have never seen before a collapse in QQQ while the number of US stocks hitting new highs or all-time highs (ATH) was climbing. Note that T2108, which tracks NYSE stocks above their ... Read more The post Blog Post: Day 5 of $QQQ short term down-trend; BUT 329 US stocks at new highs, 28 lows and 67 at ATH; NONE of the stocks at ATH come from Nasdaq100 stocks–funds have rotated out of the prior leading tech stocks in QQQ!!!! first appeared on Wishing Weal ..read more

Indicators GMI: 4/6 GMI-2: 4/9 T2108: 57% I posted on 7/19 that my QQQ short term trend indicator had started a new down-trend. I went to cash then and am waiting for my indictor to signal a new up-trend to buy TQQQ. The daily RWB up-trend pattern has ended. You may access my blog at www.wishingwealthblog.com Screenshot   The post Blog Post: Day 4 of $QQQ short term down-trend; Stocks always fall faster than they rose; Daily RWB up-trend is over. Time to be out and cash is king right now. first appeared on Wishing Wealth Blog ..read more

Indicators GMI: /6 GMI-2: /9 T2108: % Screenshot ScreenshotThe post Blog Post: Day 2 $QQQ short term down-trend but 75% of Nasdaq 100 stocks rose and $QQQ is very oversold and had a black dot first appeared on Wishing Wealth Blog ..read more

Indicators GMI: 3/6 GMI-2: 4/9 T2108: 61% Roughly 40% of new short term down-trends end in 5 days or less. Once it passes 5 days I become more confident of the change in trend. Note the higher volume recently on the down days. My GMI is still on a Green signal. So I wait on the sidelines in my trading accounts and invested in mutual funds in my longer term retirement accounts. ScreenshotScreenshotThe post Blog Post: Day 1 of new $QQQ short term down-trend, see daily chart and the GMI table first appeared on Wishing Wealth Blog ..read more

Indicators GMI: 6/6 GMI-2: 4/9 T2108: 65% ScreenshotThe post Blog Post: Day 51 of $QQQ short term up-trend, up-trend may end Friday; Minervini’s terrific book in tweet is a system error; $QQQ daily RWB up-trend pattern may also be ending, see chart first appeared on Wishing Wealth Blog ..read more

Indicators GMI: 6/6 GMI-2: 4/9 T2108: 70% I posted after the first distribution day (first arrow) that the subsequent reaction rise needed to exceed the high of that down day. It did not. There were 3 lower volume up days. Now we have a decline on larger volume. I am in cash and TBIL in my trading account. If we get a tradable bounce I will start buying TQQQ. Note that T2108 is 70%, reflecting the contrasting strength in NYSE stocks. Screenshot   The post Blog Post: Day 50 of $QQQ short term up-trend, this up-trend may end soon; The blue arrows in this daily chart show the two recent d ..read more

Indicators GMI: 6/6 GMI-2: 6/9 T2108: 71% KEX broke its ATH from 9/2014 today on high volume. I tweeted it out intraday @wishingwealth. ScreenshotScreenshotThe post Blog Post: Day 49 of $QQQ short term up-trend; 568 US new highs and 6 lows, 204 at ATH; $KEX has GLB, see daily and monthly charts first appeared on Wishing Wealth Blog ..read more

Indicators GMI: 6/6 GMI-2: 7/9 T2108: 62% ScreenshotThe post Blog Post: Day 48 of $QQQ short term up-trend; $IWM back in daily RWB up-trend, see chart first appeared on Wishing Wealth Blog ..read more

Indicators GMI: 6/6 GMI-2: 7/9 T2108: 61% I am waiting to see if QQQ and tech stocks can make up for the high volume distribution day last Thursday, designated by arrows. QQQ looks extended to me on a weekly chart. But the GMI remains Green and strong. I may buy TQQQ in my trading account on a good bounce up off of support. I still am holding mutual funds in my retirement accounts. Screenshot ScreenshotThe post Blog Post: Day 47 of $QQQ short term up-trend; 309 US new highs and 2 lows! But tech is lagging. T2108 spikes to 61% first appeared on Wishing Wealth Blog ..read more

Indicators GMI: 6/6 GMI-2: 7/9 T2108: 40% ScreenshotThe post Bog Post: Day 45 of $QQQ short term up-trend, but after 7 consecutive days up, see daily chart, and Investors Intelligence poll above 60% bullish, be careful and have sell stops in place. first appeared on Wishing Wealth Blog ..read more