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Watching for Halloween rally; $AAPL supporting $QQQ; Interest rates $TLT and the dollar $UUP rise and gold $GLD falls

I am mainly in cash in my trading accounts but holding a small position in SQQQ. If the short term down-trend continues a few more days I will add more SQQQ (the inverse 3x leveraged bearish QQQ ETF). The T2108 is at 31% and would have to fall closer to 10% to suggest a very over-sold market where significant declines end.... Read more...
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T2108 falls to 32%

Business & Finance / Investing : Wishing Wealth Blog

The QQQ short term up-trend will end with a flat or down day on Tuesday.  This will likely cause the GMI to flash a Sell signal.  Stay tuned.  I am mainly in cash or holding SQQQ in my trading accounts. My conservative university pe...

11th day of $QQQ short term up-trend; BOS: $TLT and $GLD

Business & Finance / Investing : Wishing Wealth Blog

It looks like TLT, the 20+ yr US treasury bond ETF, is bouncing on support (BOS). If so, interest rates could head lower with the dollar  and gold might head higher, at least for a few days. GLD also may have been a BOS on Thursday....

5th day of QQQ short term down-trend; GMI flashes Sell signal

Business & Finance / Investing : Wishing Wealth Blog

Since 2006, 76% of the QQQ short term down-trends that lasted 5 days, eventually lasted for 11 days or more. I am therefore content to remain mainly in cash with a small position in SQQQ.  SQQQ is an inverse ETF which is designed to...

8th day of $QQQ short term down-trend, riding $SQQQ

Business & Finance / Investing : Wishing Wealth Blog

On sidelines mainly in cash, with a little SQQQ (3X leveraged inverse ETF of QQQ). See daily chart of SQQQ below–it rises as QQQ falls. gmi-2: 1 gmi: 2 t2108: 59 No tags for this post.

QQQ short term down-trend completes 5th day; short QQQ and GLD or in cash; AAPL Fibonacci targets

Business & Finance / Investing : Wishing Wealth Blog

The QQQ short term down-trend reached its 5th day on Friday and I took a small position in QID, the leveraged inverse ETF that rises as the QQQ (Nasdaq 100) Index declines.  If the decline continues I will add more QID. I have learn...

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