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...]

IndicatorsGMI: 6/6GMI-2: 7/8T2108: 74%An  overshoot of a channel can be a sign of impending weakness if it fails. We shall see. The post Day 51 of $QQQ short term up-trend–but QQQ breaks out of channel–possible bearish signal? first appeared on Wishing Wealth Blog. [Read More...]

IndicatorsGMI: 6/6GMI-2: 5/8T2108: 71%The post $GM soaring after GLB first appeared on Wishing Wealth Blog. [Read More...]

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...]

IndicatorsGMI: 6/6GMI-2: 7/8T2108: 72%Weekly chart, may have  WGB.  Beautiful IPO base. Monthly chart. The post Blog post: $UBER driving higher after re-testing GLB first appeared on Wishing Wealth Blog. [Read More...]

IndicatorsGMI: 6/6GMI-2: 7/8T2108: 72% This is the new GM, monthly chart. The post Blog post: $GM has huge volume GLB (green line break-out) to ATH (all-time high) first appeared on Wishing Wealth Blog. [Read More...]

IndicatorsGMI: 6/6GMI-2: 6/8T2108: 70%If LOVE closes below green line (46.79) tomorrow it will be a failed GLB. Here is monthly chart. The post Blog post: 2018 IPO, $LOVE, will it hold GLB? first appeared on Wishing Wealth Blog. [Read More...]

IndicatorsGMI: 6/6GMI-2: 7/8T2108: 74%The market had 488 new yearly highs among US stocks on Friday and more than 500 on Wednesday and Thursday. The last time we had more than 500 new highs in a day was January 16, 2018!  Two weeks later the market had a 12% decline. I am a chicken and very defensive most of the time–I am too close to relying on my retirement funds to live on. When many millennials and my students are reporting large gains in their trading I get even more cautious and defensive. And 60%of investment newsletter writers are bullish, an ominous sign. For now, all of my indicators are positive and the DIA, SPY and QQQ all had WGBs last week. So the indexes are not extended above their 4 week averages.  … [Read More...]

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...]

IndicatorsGMI: 5/6GMI-2: 5/8T2108: 75%The post $CRSP advances again after black and green dot signals first appeared on Wishing Wealth Blog. [Read More...]

IndicatorsGMI: 6/6GMI-2: 5/8T2108: 70% The post Blog post: 41st day of $QQQ short term up-trend; $GLD in new daily RWB up-trend as $UUP (dollar) plummets first appeared on Wishing Wealth Blog. [Read More...]

IndicatorsGMI: 5/6GMI-2: 4/8T2108: 64%Looks like a volatility contraction pattern (VCP). Projected earnings expansion could bring PE down to 10!  A close below green line would lead me to exit. GLB= green line break-out to ATH (all-time high). NYC buying their COVID-19 tests for their schools. The post Blog post: This weekly chart shows COVID tester $FLGT has GLB to ATH, earnings exploding first appeared on Wishing Wealth Blog. [Read More...]