Dr. Wish

I corrected the reading for the IBD growth mutual fund index component so the GMI actually turned to a Buy on the close of 3/2. Note, however, that the major indexes are still below their declining 30 week averages, indicating the longer term trend is still down. The T2108 is at a nose bleed high of 81% and this weekly chart of the NYSE index clearly shows this rebound is within a Stage 4 down-trend. I am watching very carefully for any signs  this rebound is ending.

The T2108 is at 76%!  Another strong day and the GMI could flash a Buy signal on Thursday. Meanwhile, I am holding some TQQQ during this bounce.

This monthly chart shows that T is breaking out of a multi-year consolidation. My millennial son and former Apple Genius, Mike,  says that T is opening up a whole new way to get TV on his phone. He says this is HUGE! With a dividend yield of 5.2% and a promising chart, I thought it a good idea to buy some T on Wednesday.

Holding some TQQQ, given this was the 7th day of the QQQ short term up-trend. The BWR down-trend seems to be ending. If an RWB up-trend resumes, I will be more confident of a real change in trend. It has been a long time since the T2108 was over 70.