Wishing Wealth Blog
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A stock market technical indicators and analysis blog by Dr. Wish. Here you'll find 40 years of strategies and tested market technical indicators.
Blog Post: Day 54 of $QQQ short term up-trend; $RRR has low volume GLB, see daily and monthly charts
Wishing Wealth Blog
2d ago
Indicators
GMI: 6/6
GMI-2: 7/9
T2108: 58%
RRR has RS=87, Comp=63 and EPS=15, not great MS fundamentals. But its daily and monthly charts look interesting.
The post Blog Post: Day 54 of $QQQ short term up-trend; $RRR has low volume GLB, see daily and monthly charts first appeared on Wishing Wealth Blog ..read more
Wishing Wealth Blog
4d ago
Indicators
GMI: 6/6
GMI-2: 7/9
T2108: 61%
Bitcoin may be ready to bounce, must holder lower Bollinger Band at 61,833. Black dots indicate oversold bounces. I own a little of IBIT, for fun, see chart.
Markets remain in shot and longer term up-trends.
The post Blog Post: Day 52 of $QQQ short term up-trend; GMI remains at 6 (of 6) and on a Green signal; Bitcoin has green and black dots, see daily chart and $IBIT first appeared on Wishing Wealth Blog ..read more
Wishing Wealth Blog
5d ago
Indicators
GMI: 6/6
GMI-2: 7/9
T2108: 66%
Huge volume on Thursday. Let’s see if GS can close above its green line top at 426.16 from 11/2021 to an ATH. See daily and monthly charts. Note all of the green and black dots designating oversold bounces. See my blog webinar tab for my recent presentation about dots.
The post Blog Post: Day 51 of $QQQ short term up-trend; $GS broke out of a multi-month consolidation and is heading towards its green line peak at ATH, see daily and monthly charts first appeared on Wishing Wealth Blog ..read more
Wishing Wealth Blog
1w ago
Indicators
GMI: 6/6
GMI-2: 3/9
T2108: 56%
As long as the Fed has no surprises tomorrow and the government does not close at the end of the week, QQQ may be out of the woods.
The post Blog Post: Day 49 of $QQQ short term up-trend; QQQ holding on but must hold above lower 15.2 Bollinger Band, at 432.60, see daily and Guppy charts first appeared on Wishing Wealth Blog ..read more
Wishing Wealth Blog
2w ago
Indicators
GMI: 6/6
GMI-2: 3/9
T2108: 61%
Low of bounce must hold. Note the GLB, green line break-out, last December.
Incredibly strong weekly advance. Now bouncing off of 10 week average.
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The post Blog post: Day 45 of $QQQ short term up-trend; Strongly advancing stock, $ANF, has black dots, signifying oversold bounce, see daily and weekly charts first appeared on Wishing Wealth Blog ..read more
Wishing Wealth Blog
2w ago
Indicators
GMI: 6/6
GMI-2: 5/9
T2108: 60%
I bought some TQQQ on Tuesday. Learn about my black dot indicator in my 2024 Meetup presentation listed on the webinar tab of my blog. Use the box below to subscribe to my blog and follow my tweets @wishingwealth.
These stocks met my criteria for technically strong stocks that are up at least 50% the past year, hit an ATH in the last 10 weeks and had a black dot, or oversold bounce. If I buy such a stock I place my sell stop just below the low of the past 2 days.
The post Blog Post: Day 44 of $QQQ short term up-trend; $QQQ has black dot, ove ..read more
Wishing Wealth Blog
2w ago
Indicators
GMI: 6/6
GMI-2: 4/9
T2108: 60%
Friday’s decline came on markedly increased trading volume. With earnings season over we may get a post-earnings lull until late March? A black or blue or green dot (oversold bounce) might signal the beginning of a new move up. Time will only tell…. Check out my dot indicators by going to the Webinars tab on this blog and selecting my 2024 Meetup presentation.
The post Blog Post: Day 42 of $QQQ short term up-trend; GMI remains Green and registers 6 (of 6); $QQQ remains in a short term up-trend but found resistance on Friday at its uppe ..read more
Wishing Wealth Blog
3w ago
Indicators
GMI: 6/6
GMI-2: 5/9
T2108: 55%
I described my blue dot indicator in my recent 1/2024 No VA meetup presentation which you can access on this blog at the Webinars tab. Note the GLB too.
The post Blog Post: Day 40 of $QQQ short term up-trend; See how my blue dot oversold bounce indicator called bottom in GLD yet again first appeared on Wishing Wealth Blog ..read more
Wishing Wealth Blog
3w ago
Indicators
GMI: 6/6
GMI-2: 7/9
T2108: 55%
These are worth researching. They all reached an ATH in the past 10 weeks, have a weekly 10.4 stochastics>=80 for at least the past 10 consecutive weeks and come from my watchlist of IBD/MS stocks. The list is sorted by current price/price 250 days ago.
The GMI is Green and registers 6 (of 6).
The post Blog Post: Day 37 of $QQQ short term up-trend; My scan of the best performing stocks that were at least 1.9x their price a year ago and reached an ATH within the past 10 weeks yielded these 23 stocks first appeared on Wishing Wealth Blog ..read more
Wishing Wealth Blog
1M ago
Indicators
GMI: 6/6
GMI-2: 7/9
T2108: 53%
A few of these had their GLB (green line break-out) on Wednesday but looked good enough to list. A GLB is moire likely to work out if it occurs with above average trading volume. Here are two examples. A close below the green line would be a failed GLB.
The post Blog Post: Day 36 of $QQQ short term up-trend; 13 GLBs Thursday: $CELH, $SOVO, $RYAN, $CAVA, $DCI, $CRAI, $CECO, $ATKR, $SXI, $EMR, $LDOS, $ALV, $LLYVA, see charts first appeared on Wishing Wealth Blog ..read more