Dr. Wish

After 4 days of being Red, GMI changes back to  Green. However, volume has been low and the QQQ may be heading into resistance at channel line or at  top Bollinger Band.

HQY has successful test of recent GLB at its 50 day average (green dotted line) –must hold green line.

Also in yellowband up-trend (weekly chart).

It is likely that with Thursday’s close, the GMI will turn back to Green and a new QQQ short term up-trend will have begun. I had written that the weakness we were experiencing might lead to a rebound when earnings started coming out. I have seen this play before…

A recent IPO that had a GLB to an all-time high is GEMP. I haven’t researched the company yet, but it did have increased volume on the break-out. Below is the weekly chart. I sell a GLB if it trades back below the green line.

Alan Ellman and I will be speaking at the AAII workshop this Saturday.

SQ had a GLB in February  and broke out again on high volume on Tuesday. I tweeted about SQ intraday: follow my tweets  @wishingwealth