IndicatorsGMI: /6GMI-2: /8T2108: %The post Revised OSB stock list–modified scan first appeared on Wishing Wealth Blog. [Read More...]

IndicatorsGMI: 5/6GMI-2: 3/8T2108: 57%The QQQ showed strength at end of day Thursday. I found some strong stocks having an oversold bounce. These include: DELL, TBK, PCH and BSIG. All are above their green line tops and near their ATHs.  If I buy an OSB stock I sell immediately if the bounce fails. Their daily charts: The post Blog post: Day 2 of $QQQ short term down-trend but 378 new highs among US stocks; Non QQQ type stocks still rising; 4 oversold bounce (OSB) stocks: $PCH $DELL $BSIG $TBK first appeared on Wishing Wealth Blog. [Read More...]

IndicatorsGMI: 5/6GMI-2: 4/8T2108: 57%With the QQQ in a short term down-trend I am wading into SQQQ. I will be more sure of the down-trend if it reaches 5 days. One of the first rules I teach my students is to hold only stocks in a Weinstein Stage II up-trend. Pandemic stocks like PTON and DOCU and ZM have now entered Stage IV declines. That means they are below their declining 30 week moving average (red solid line in these weekly charts). The big money is made holding stocks in Stage II up-trends. This rule alone could keep most people out of trouble. The post Blog post: Day 1 of new $QQQ short term down-trend; but stocks outside of QQQ are doing much better; exit pandemic … [Read More...]

IndicatorsGMI: 6/6GMI-2: 3/8T2108: 57%The post Blog post: Weak/flat day on Wednesday could begin $QQQ short term down-trend; Daily RWB up-trend could also end first appeared on Wishing Wealth Blog. [Read More...]

IndicatorsGMI: 6/6GMI-2: 3/8T2108: 60%Note green and black dots showing oversold bounces; both stocks above March green line break-outs (GLB) The post Blog post: People were buying up flowers and outdoor goods at stores last weekend; $LOW had oversold bounce while $HD already hit ATH after oversold bounce first appeared on Wishing Wealth Blog. [Read More...]

IndicatorsGMI: 6/6GMI-2: 6/8T2108: 60%I would have liked to see higher volume on this break-out, but FDX broke out after re-testing its last green line break-out (GLB). There is a new green line peak at 305.69 where one would expect some resistance. So this rise could continue to that level. I would then wait to see if it can have a new GLB. I tweeted about FDX intraday. You may follow my tweets @wishingwealth. Another stock that is advancing after a retest of its GLB is $CHUY. Not sure of its fundamentals though. $FB has also retaken its green line. Understanding the GLB can lead to some large gains. From my glossary: Green Line Breakout (GLB) I draw a green line on a monthly stock chart … [Read More...]

IndicatorsGMI: 6/6GMI-2: 4/8T2108: 61%It has been very difficult to make money with my set-ups. The market has become very tough and I am mainly in cash in my trading accounts. TLT, 20 yr bonds,  may be weakening again, a bad sign for stocks. And Sell in May and come back at Haloween is upon us. Most market gains occur between November and April. Be careful and save money for a stronger market. The post Blog post: Bonds weakening again, rising interest rates to challenge the bull; Sell in May is on the horizon first appeared on Wishing Wealth Blog. [Read More...]

IndicatorsGMI: 6/6GMI-2: 7/8T2108: 59%Note black and green dot signals. The post Blog post: 18th day of $QQQ short term up-trend; Watching $ZBRA for possible cup and handle break-out; it is one of 12 stocks in Wish-Darvas scan first appeared on Wishing Wealth Blog. [Read More...]

IndicatorsGMI: 6/6GMI-2: 7/8T2108: 59% Wish-Darvas scan results for close on 4/26, sorted by earnings date. Stocks near ATH bouncing from oversold. I have not reviewed these. They are for your research and analysis. The post Blog post: 17th day of $QQQ short term up-trend; $QQQ remains in daily RWB up-trend; Wish-Darvas scan-16 stocks to ponder first appeared on Wishing Wealth Blog. [Read More...]

IndicatorsGMI: 6/6GMI-2: 6/8T2108: 56%These stocks came up in my Wish-Darvas scan as of Friday’s close. See prior posts for scan criteria. I have not looked at all but post for your own analysis. Sorted by expected earnings date. They are technically strong stocks near yearly highs that have bounced from over-sold conditions. If bounce fails, I sell immediately. The post Blog post: 16th day of $QQQ short term up-trend; GMI remains 6 (of 6) and Green; 19 stocks from Wish-Darvas scan first appeared on Wishing Wealth Blog. [Read More...]

IndicatorsGMI: 6/6GMI-2: 7/8T2108: 53%The post 14th day of $QQQ short term up-trend; $SEAS breaks to ATH after Wish-Darvas scan; 3 new ones with above average volume : $ONTO, $AMAT, $WSC first appeared on Wishing Wealth Blog. [Read More...]

IndicatorsGMI: 5/6GMI-2: 7/8T2108: 54%Only 4 came up in the scan last night–tough  market  for  growth  stocks.The post Blog post: Only 1 of the 14 stocks from my scan looked promising yesterday–$SEAS; 4 new ones first appeared on Wishing Wealth Blog. [Read More...]