Wishing Wealth Blog

The T2108 has fallen to single digits. I have always found that I should have held my breath and bought anytime it has fallen below 10%. While on vacation last week I went 95% to cash in all trading accounts. I will wait for the dust to settle to determine my future moves. My short term QQQ trend indicator is in the 9th day of a down-trend. Maybe I was too quick to stop posting that indicator. It had whipsawed so many times recently. I estimate that the   GMI would have flashed a Sell signal last Thursday or Friday.

IN SPITE OF ALL OF THE PROGNOSTICATIONS OF THE CNBC PUNDITS, NO ONE KNOWS HOW OR WHEN THIS DECLINE WILL END.   WE MUST BE CAREFUL AND PROTECT OUR MONEY.

As I struggle to maintain my weight loss of the past few years, a friend told me she was going to try the cold body sculpting method of reducing bulges. I researched the company (ZLTQ) that produces this new body shaping technique and bought some shares. Maybe this stock will win the battle of the bulge?     ZLTQ recently had a third green line break-out to an all-time high and has been making money.

I will not post again until 8/25–a rare vacation.   Enjoy the summer market doldrums.

GMI back to 4 (of 6) and T2108 is at 41% and is at highest reading since July 17. T2108 measures the percentage of NYSE stocks that are above their 40 day simple moving average and shows that large cap industrial stocks may have bottomed.

I am beginning to wade back into biotech stocks. I like AMGN and CELG.