Blog Post: Day 20 of $QQQ short term down-trend, it may end Friday! If there is a new short term up-trend and it lasts, this time I will accumulate $TQQQ. If interest rates decline it will cause a stampede back into stocks by persons who have been hibernating in high interest savings accounts and treasuries. There may not be a chance to get in at lower levels. My blog: https://www.wishingwealthblog.com/ Thursday, August 15, 2024 @ 11:20 pm by Dr. Wish GMI3/6 GMI-26/9 T210851% Note that the MACD histogram has turned blue (positive).
Blog Post: Day 18 of $QQQ short term down-trend; $QQQ still in a BWR daily down-trend, see chart. Tuesday, August 13, 2024 @ 10:57 pm by Dr. Wish GMI1/6 GMI-25/9 T210844% QQQ still closed (dotted line) below all blue averages. The next few days should tell us whether an up-trend materializes or the decline resumes. Screenshot
Blog Post: Day 13 of $QQQ short term down-trend; I found only 5 stocks on my growth watchlist of 300+ stocks that had perfect daily and weekly RWB patterns. The list below is worth investigating. Wednesday, August 7, 2024 @ 12:18 pm by Dr. Wish GMI0/6 GMI-21/9 T210836% These stocks also had a recent GLB to an ATH and are up at least 50% in the past year. When the market falters, it is easier to see the potential leaders. Screenshot