Wishing Wealth Blog https://wishingwealthblog.com Stock Market Technical Indicators & Analysis Mon, 17 Aug 2026 00:44:51 +0000 en-US hourly 1 https://wishingwealthblog.com/wp-content/uploads/2016/09/cropped-1507984-32x32.jpg Wishing Wealth Blog https://wishingwealthblog.com 32 32 6297051 Blog: Day 8 of $QQQ short term up-trend. Six oil and gas stocks hit an ATH on Friday. Almost all have already doubled from their lowest price the past year. See list below and GMI table. https://wishingwealthblog.com/2026/08/blog-day-8-of-qqq-short-term-up-trend-six-oil-and-gas-stocks-hit-an-ath-on-friday-almost-all-have-already-doubled-from-their-lowest-the-past-year-see-list-below-and-gmi-table/ https://wishingwealthblog.com/2026/08/blog-day-8-of-qqq-short-term-up-trend-six-oil-and-gas-stocks-hit-an-ath-on-friday-almost-all-have-already-doubled-from-their-lowest-the-past-year-see-list-below-and-gmi-table/#respond Mon, 17 Aug 2026 00:40:52 +0000 https://wishingwealthblog.com/?p=55204 IndicatorsGMI: 6/6GMI-2: 6/9T2108: 54%The last column shows current price divided by minimum price the past 250 days. The third column shows expected earnings release date.

The post Blog: Day 8 of $QQQ short term up-trend. Six oil and gas stocks hit an ATH on Friday. Almost all have already doubled from their lowest price the past year. See list below and GMI table. first appeared on Wishing Wealth Blog.]]>

Indicators

  • GMI: 6/6
  • GMI-2: 6/9
  • T2108: 54%

The last column shows current price divided by minimum price the past 250 days. The third column shows expected earnings release date.

The post Blog: Day 8 of $QQQ short term up-trend. Six oil and gas stocks hit an ATH on Friday. Almost all have already doubled from their lowest price the past year. See list below and GMI table. first appeared on Wishing Wealth Blog.]]> https://wishingwealthblog.com/2026/08/blog-day-8-of-qqq-short-term-up-trend-six-oil-and-gas-stocks-hit-an-ath-on-friday-almost-all-have-already-doubled-from-their-lowest-the-past-year-see-list-below-and-gmi-table/feed/ 0 55204 Blog: Day 7 of $QQQ short term up-trend and GMI remains GREEN. The modified daily Guppy chart shows that QQQ is back in a RWB up-trend. https://wishingwealthblog.com/2026/08/blog-day-7-of-qqq-short-term-up-trend-and-gmi-remains-green-the-modified-daily-guppy-chart-shows-that-qqq-is-back-in-a-rwb-up-trend/ https://wishingwealthblog.com/2026/08/blog-day-7-of-qqq-short-term-up-trend-and-gmi-remains-green-the-modified-daily-guppy-chart-shows-that-qqq-is-back-in-a-rwb-up-trend/#respond Fri, 14 Aug 2026 02:56:46 +0000 https://wishingwealthblog.com/?p=55197 IndicatorsGMI: 6/6GMI-2: 6/9T2108: 55%Note the closes (blue dotted line) are now consistently above the 12 moving averages, leading them all higher. I am riding TQQQ on this growing up-trend.

The post Blog: Day 7 of $QQQ short term up-trend and GMI remains GREEN. The modified daily Guppy chart shows that QQQ is back in a RWB up-trend. first appeared on Wishing Wealth Blog.]]>

Indicators

  • GMI: 6/6
  • GMI-2: 6/9
  • T2108: 55%

Note the closes (blue dotted line) are now consistently above the 12 moving averages, leading them all higher. I am riding TQQQ on this growing up-trend.

The post Blog: Day 7 of $QQQ short term up-trend and GMI remains GREEN. The modified daily Guppy chart shows that QQQ is back in a RWB up-trend. first appeared on Wishing Wealth Blog.]]> https://wishingwealthblog.com/2026/08/blog-day-7-of-qqq-short-term-up-trend-and-gmi-remains-green-the-modified-daily-guppy-chart-shows-that-qqq-is-back-in-a-rwb-up-trend/feed/ 0 55197 Blog: Day 5 of $QQQ short term up-trend; 52 US stocks out of 6,536 ( https://wishingwealthblog.com/2026/08/blog-day-5-of-qqq-short-term-up-trend-52-us-stocks-out-of-6536/ https://wishingwealthblog.com/2026/08/blog-day-5-of-qqq-short-term-up-trend-52-us-stocks-out-of-6536/#respond Wed, 12 Aug 2026 01:16:45 +0000 https://wishingwealthblog.com/?p=55187 IndicatorsGMI: 5/6GMI-2: 6/9T2108: 51%The 52 stocks trading at an ATH represent less than 1% of US stocks  and are therefore showing incredible relative  strength. The list of biotechs appears below. Note the next earrings dates and the last column, today’s close divided by the close 250 days ago. Five have more than doubled from a ... Read more

The post Blog: Day 5 of $QQQ short term up-trend; 52 US stocks out of 6,536 (<1%) reached an ATH on Tuesday; The most were biotechs (8), followed by Regional banks (4) and Oil & Gas Equipment and Service (4). See list of biotechs below. first appeared on Wishing Wealth Blog.]]>

Indicators

  • GMI: 5/6
  • GMI-2: 6/9
  • T2108: 51%

The 52 stocks trading at an ATH represent less than 1% of US stocks  and are therefore showing incredible relative  strength. The list of biotechs appears below. Note the next earrings dates and the last column, today’s close divided by the close 250 days ago. Five have more than doubled from a year ago. AVLN and TRAX did not have a value because they were not publicly traded 250 days ago. These companies are worth investigating.

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The post Blog: Day 5 of $QQQ short term up-trend; 52 US stocks out of 6,536 (<1%) reached an ATH on Tuesday; The most were biotechs (8), followed by Regional banks (4) and Oil & Gas Equipment and Service (4). See list of biotechs below. first appeared on Wishing Wealth Blog.]]> https://wishingwealthblog.com/2026/08/blog-day-5-of-qqq-short-term-up-trend-52-us-stocks-out-of-6536/feed/ 0 55187 Blog: Day 3 of $QQQ short term up-trend and GMI=6 and Green. This weekly chart of QQQ shows its current strength as it continues in a Stage 2 up-trend. https://wishingwealthblog.com/2026/08/blog-day-3-of-qqq-short-term-up-trend-and-gmi6-and-green-this-weekly-chart-of-qqq-shows-its-current-strength-as-it-continues-in-a-stage-2-up-trend/ https://wishingwealthblog.com/2026/08/blog-day-3-of-qqq-short-term-up-trend-and-gmi6-and-green-this-weekly-chart-of-qqq-shows-its-current-strength-as-it-continues-in-a-stage-2-up-trend/#respond Mon, 10 Aug 2026 01:39:49 +0000 https://wishingwealthblog.com/?p=55181 IndicatorsGMI: 6/6GMI-2: 6/9T2108: 61%

The post Blog: Day 3 of $QQQ short term up-trend and GMI=6 and Green. This weekly chart of QQQ shows its current strength as it continues in a Stage 2 up-trend. first appeared on Wishing Wealth Blog.]]>

Indicators

  • GMI: 6/6
  • GMI-2: 6/9
  • T2108: 61%
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The post Blog: Day 3 of $QQQ short term up-trend and GMI=6 and Green. This weekly chart of QQQ shows its current strength as it continues in a Stage 2 up-trend. first appeared on Wishing Wealth Blog.]]> https://wishingwealthblog.com/2026/08/blog-day-3-of-qqq-short-term-up-trend-and-gmi6-and-green-this-weekly-chart-of-qqq-shows-its-current-strength-as-it-continues-in-a-stage-2-up-trend/feed/ 0 55181 Blog: Day 2 of $QQQ short term up-trend; GMI turns Green! Slowly adding TQQQ, but will be more confident and invested if/when we reach Day 5 of the new up-trend. QQQ also remains in a Weinstein Stage 2 up-trend. https://wishingwealthblog.com/2026/08/blog-day-2-of-qqq-short-term-up-trend-gmi-turns-green-slowly-adding-tqqq-but-will-be-more-confident-and-invested-if-when-we-reach-day-5-of-the-new-up-trend-qqq-also-remains-in-a-weinstein-stag/ https://wishingwealthblog.com/2026/08/blog-day-2-of-qqq-short-term-up-trend-gmi-turns-green-slowly-adding-tqqq-but-will-be-more-confident-and-invested-if-when-we-reach-day-5-of-the-new-up-trend-qqq-also-remains-in-a-weinstein-stag/#respond Thu, 06 Aug 2026 23:48:53 +0000 https://wishingwealthblog.com/?p=55169 IndicatorsGMI: 5/6GMI-2: 6/9T2108: 53%The technical signal that got me out of the market in 2000 and 2008 was when QQQ closed below its 30 week average and that average curved down. That is obviously not the case right now. I sometimes have to grit my teeth, hold my breath and follow the trend shown in ... Read more

The post Blog: Day 2 of $QQQ short term up-trend; GMI turns Green! Slowly adding TQQQ, but will be more confident and invested if/when we reach Day 5 of the new up-trend. QQQ also remains in a Weinstein Stage 2 up-trend. first appeared on Wishing Wealth Blog.]]>

Indicators

  • GMI: 5/6
  • GMI-2: 6/9
  • T2108: 53%

The technical signal that got me out of the market in 2000 and 2008 was when QQQ closed below its 30 week average and that average curved down. That is obviously not the case right now. I sometimes have to grit my teeth, hold my breath and follow the trend shown in my charts. If the 4wk average turns up and climbs back above the 10wk average the market will be in great shape. A strong advance has weekly averages lined up with 4wk>10wk>30wk, as was the case last May. But the Iran war events could upset everything again. Stay tuned……

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The post Blog: Day 2 of $QQQ short term up-trend; GMI turns Green! Slowly adding TQQQ, but will be more confident and invested if/when we reach Day 5 of the new up-trend. QQQ also remains in a Weinstein Stage 2 up-trend. first appeared on Wishing Wealth Blog.]]> https://wishingwealthblog.com/2026/08/blog-day-2-of-qqq-short-term-up-trend-gmi-turns-green-slowly-adding-tqqq-but-will-be-more-confident-and-invested-if-when-we-reach-day-5-of-the-new-up-trend-qqq-also-remains-in-a-weinstein-stag/feed/ 0 55169 Day 1 of $QQQ short term up-trend; Modified daily Guppy chart of QQQ no longer shows BWR down-trend. Is an RWB up-trend on deck? Stay tuned. https://wishingwealthblog.com/2026/08/day-1-of-qqq-short-term-up-trend-modified-daily-guppy-chart-of-qqq-no-longer-shows-bwr-down-trend-is-an-rwb-up-trend-on-deck-stay-tuned/ https://wishingwealthblog.com/2026/08/day-1-of-qqq-short-term-up-trend-modified-daily-guppy-chart-of-qqq-no-longer-shows-bwr-down-trend-is-an-rwb-up-trend-on-deck-stay-tuned/#comments Thu, 06 Aug 2026 02:36:56 +0000 https://wishingwealthblog.com/?p=55162 IndicatorsGMI: 4/6GMI-2: 6/9T2108: 55%This has been an an incredibly difficult market in which to trade profitably.  New short term up-trends often fail within 5 days. If this new up-trend can get past 5 days, we might see a significant tradable rise. The GMI is still Red but could turn Green on Thursday.  Watch to see ... Read more

The post Day 1 of $QQQ short term up-trend; Modified daily Guppy chart of QQQ no longer shows BWR down-trend. Is an RWB up-trend on deck? Stay tuned. first appeared on Wishing Wealth Blog.]]>

Indicators

  • GMI: 4/6
  • GMI-2: 6/9
  • T2108: 55%

This has been an an incredibly difficult market in which to trade profitably.  New short term up-trends often fail within 5 days. If this new up-trend can get past 5 days, we might see a significant tradable rise. The GMI is still Red but could turn Green on Thursday.  Watch to see whether QQQ can continue to close above all of these 12 averages. Dotted line shows daily closes.

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The post Day 1 of $QQQ short term up-trend; Modified daily Guppy chart of QQQ no longer shows BWR down-trend. Is an RWB up-trend on deck? Stay tuned. first appeared on Wishing Wealth Blog.]]> https://wishingwealthblog.com/2026/08/day-1-of-qqq-short-term-up-trend-modified-daily-guppy-chart-of-qqq-no-longer-shows-bwr-down-trend-is-an-rwb-up-trend-on-deck-stay-tuned/feed/ 2 55162 Blog: Day 20 of $QQQ short term down-trend; GMI=2, see table; QQQ is below its 4wk and 10wk average but is holding its critical 30 wk average, see weekly chart. https://wishingwealthblog.com/2026/08/blog-day-20-of-qqq-short-term-down-trend-gmi2-see-table-qqq-is-below-its-4wk-and-10wk-average-but-is-holding-its-critical-30-wk-average-see-weekly-chart/ https://wishingwealthblog.com/2026/08/blog-day-20-of-qqq-short-term-down-trend-gmi2-see-table-qqq-is-below-its-4wk-and-10wk-average-but-is-holding-its-critical-30-wk-average-see-weekly-chart/#comments Sun, 02 Aug 2026 22:14:51 +0000 https://wishingwealthblog.com/?p=55154 IndicatorsGMI: 2/6GMI-2: 3/9T2108: 46%This week is critical for telling us whether QQQ will hold. It remains in a Stage 2 up-trend, above its rising 30 week average. But it may retest its last green line break-out at 637.01. A weekly close below that level would be a major sign of weakness. A GMI of 2 ... Read more

The post Blog: Day 20 of $QQQ short term down-trend; GMI=2, see table; QQQ is below its 4wk and 10wk average but is holding its critical 30 wk average, see weekly chart. first appeared on Wishing Wealth Blog.]]>

Indicators

  • GMI: 2/6
  • GMI-2: 3/9
  • T2108: 46%

This week is critical for telling us whether QQQ will hold. It remains in a Stage 2 up-trend, above its rising 30 week average. But it may retest its last green line break-out at 637.01. A weekly close below that level would be a major sign of weakness.

A GMI of 2 is too weak for me to trade growth stocks now. The weekly 10.4 stochastic is now down to 30. A value above 80 is a sign of a strong up-trend. The post-earnings period could be very bad. Cash is king right now.

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The post Blog: Day 20 of $QQQ short term down-trend; GMI=2, see table; QQQ is below its 4wk and 10wk average but is holding its critical 30 wk average, see weekly chart. first appeared on Wishing Wealth Blog.]]> https://wishingwealthblog.com/2026/08/blog-day-20-of-qqq-short-term-down-trend-gmi2-see-table-qqq-is-below-its-4wk-and-10wk-average-but-is-holding-its-critical-30-wk-average-see-weekly-chart/feed/ 1 55154 Blog: Day 19 of $QQQ short term down-trend; Look at the daily modified Guppy chart. Was Thursday a dead cat bounce? The market’s action will reveal the answer during the post earnings season period. https://wishingwealthblog.com/2026/07/blog-day-19-of-qqq-short-term-down-trend-look-at-the-daily-modified-guppy-chart-was-thursday-a-dead-cat-bounce-the-markets-action-will-reveal-the-answer-during-the-post-earnings-season-period/ https://wishingwealthblog.com/2026/07/blog-day-19-of-qqq-short-term-down-trend-look-at-the-daily-modified-guppy-chart-was-thursday-a-dead-cat-bounce-the-markets-action-will-reveal-the-answer-during-the-post-earnings-season-period/#respond Thu, 30 Jul 2026 21:31:46 +0000 https://wishingwealthblog.com/?p=55150 IndicatorsGMI: 2/6GMI-2: 2/9T2108: 49%

The post Blog: Day 19 of $QQQ short term down-trend; Look at the daily modified Guppy chart. Was Thursday a dead cat bounce? The market’s action will reveal the answer during the post earnings season period. first appeared on Wishing Wealth Blog.]]>

Indicators

  • GMI: 2/6
  • GMI-2: 2/9
  • T2108: 49%
Screenshot
The post Blog: Day 19 of $QQQ short term down-trend; Look at the daily modified Guppy chart. Was Thursday a dead cat bounce? The market’s action will reveal the answer during the post earnings season period. first appeared on Wishing Wealth Blog.]]> https://wishingwealthblog.com/2026/07/blog-day-19-of-qqq-short-term-down-trend-look-at-the-daily-modified-guppy-chart-was-thursday-a-dead-cat-bounce-the-markets-action-will-reveal-the-answer-during-the-post-earnings-season-period/feed/ 0 55150 Blog: Day 18 of $QQQ short term down-trend; If I had bought SQQQ on Day 1 of the down-trend, I would be sitting on a gain of +29%. See the daily chart of SQQQ. https://wishingwealthblog.com/2026/07/blog-day-18-of-qqq-short-term-down-trend-if-i-had-bought-sqqq-on-day-1-of-the-down-trend-i-would-be-sitting-on-a-gain-of-29-see-the-daily-chart-of-sqqq/ https://wishingwealthblog.com/2026/07/blog-day-18-of-qqq-short-term-down-trend-if-i-had-bought-sqqq-on-day-1-of-the-down-trend-i-would-be-sitting-on-a-gain-of-29-see-the-daily-chart-of-sqqq/#respond Thu, 30 Jul 2026 01:20:59 +0000 https://wishingwealthblog.com/?p=55146 IndicatorsGMI: 2/6GMI-2: 2/9T2108: 48%I wish I had the discipline to trade the triple leveraged ETFs, TQQQ and SQQQ,  based on my QQQ short term trend count.  

The post Blog: Day 18 of $QQQ short term down-trend; If I had bought SQQQ on Day 1 of the down-trend, I would be sitting on a gain of +29%. See the daily chart of SQQQ. first appeared on Wishing Wealth Blog.]]>

Indicators

  • GMI: 2/6
  • GMI-2: 2/9
  • T2108: 48%

I wish I had the discipline to trade the triple leveraged ETFs, TQQQ and SQQQ,  based on my QQQ short term trend count.

Screenshot

 

The post Blog: Day 18 of $QQQ short term down-trend; If I had bought SQQQ on Day 1 of the down-trend, I would be sitting on a gain of +29%. See the daily chart of SQQQ. first appeared on Wishing Wealth Blog.]]> https://wishingwealthblog.com/2026/07/blog-day-18-of-qqq-short-term-down-trend-if-i-had-bought-sqqq-on-day-1-of-the-down-trend-i-would-be-sitting-on-a-gain-of-29-see-the-daily-chart-of-sqqq/feed/ 0 55146 Blog: $IMAX had a high volume GLB (green line breakout) on July 23rd when they reported earnings, and closed Tuesday at an ATH. Homer would be proud, and rich…… https://wishingwealthblog.com/2026/07/blog-imax-had-a-high-volume-glb-green-line-breakout-on-july-23rd-when-they-reported-earnings-and-closed-tuesday-at-an-ath-homer-would-be-proud-and-rich/ https://wishingwealthblog.com/2026/07/blog-imax-had-a-high-volume-glb-green-line-breakout-on-july-23rd-when-they-reported-earnings-and-closed-tuesday-at-an-ath-homer-would-be-proud-and-rich/#respond Wed, 29 Jul 2026 00:31:38 +0000 https://wishingwealthblog.com/?p=55140 IndicatorsGMI: 3/6GMI-2: 2/9T2108: 55%

The post Blog: $IMAX had a high volume GLB (green line breakout) on July 23rd when they reported earnings, and closed Tuesday at an ATH. Homer would be proud, and rich…… first appeared on Wishing Wealth Blog.]]>

Indicators

  • GMI: 3/6
  • GMI-2: 2/9
  • T2108: 55%
Screenshot
The post Blog: $IMAX had a high volume GLB (green line breakout) on July 23rd when they reported earnings, and closed Tuesday at an ATH. Homer would be proud, and rich…… first appeared on Wishing Wealth Blog.]]> https://wishingwealthblog.com/2026/07/blog-imax-had-a-high-volume-glb-green-line-breakout-on-july-23rd-when-they-reported-earnings-and-closed-tuesday-at-an-ath-homer-would-be-proud-and-rich/feed/ 0 55140