All of my GMI indicators are now positive. I believe NPSP had a cup and handle break-out on Wednesday. Check out this weekly chart. NPSP reports earnings om February 18.
I hope to see you at my AAII workshop this Saturday.
GMI hits 5 (of 6); Dr. Wish speaking at DC Metro AAII Chapter meeting this Saturday
Tuesday was the 2nd day of the new QQQ short term up-trend. Another strong day Wednesday will lead to a GMI Buy signal.
I am presenting a workshop this Saturday, February 15, for the DC Metro Chapter of AAII. Click here for information. Click here to register. I hope to meet many of you there!
New $QQQ short term up-trend; $GLD still turning up? $TSLA has green line break-out
Monday’s close marked the beginning of a new QQQ short term up-trend. The GMI remains on a Sell signal for now, however. I got out of SQQQ and bought a little TQQQ. If the new up-trend persists through Friday, I will be more confident of this new up-trend………..
Meanwhile GLD still looks like it is turning. In this daily chart, note the 30 day average (red line) is now curving up. But given that GLD touched its upper 15/2 Bollinger Band on Monday, it may pull back a little.
TSLA had a green line break-out on Monday on above average volume. Check out this daily chart. (click on to enlarge)
