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Dr. Wish

Blog Post: Day 2 of $QQQ short term down-trend; GMI=3, remains Green; 143 new US highs and 386 lows; $QQQ remains in Stage 4 decline, see weekly chart

Sunday, November 6, 2022 @ 9:35 pm by Dr. Wish
GMI3/6
GMI-21/9
T210859%

This weekly chart shows QQQ remains in a Stage 4 down-trend. Beware!

 

The GMI=3 and remains Green.

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Blog Post: Day 1 of new $QQQ short term down-trend; GMI=2, may flash RED Friday; 92 new US highs, 393 lows, 22 at ATH; $HRMY has GLB, see weekly chart

Thursday, November 3, 2022 @ 5:42 pm by Dr. Wish
GMI2/6
GMI-21/9
T210853%

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Blog Post: 147 new US highs, 238 lows and 40 ATHs; 7 stocks up today on their highest volume in the past 20 days: $NFE, $FMC, $MCK, $PSN, $NBIX, $BDC, $SMCI

Wednesday, November 2, 2022 @ 8:41 pm by Dr. Wish
GMI3/6
GMI-22/9
T210854%

Here is the list. Note all had volume more than twice their 50 day average volume. Last column is close/close 250 days ago.  These stocks are worth watching although some closed near their low price of the day.

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Current GMI Signal

GREEN

since close on May 5, 2024

Successful GLBTracker

Selected stocks that have had a successful recent Green Line Breakout (GLB). One can really profit by buying stocks breaking out to all-time highs after a consolidation of 3 months or more, my GLB Setup.

Sym.DateGLB $Now $Chg.
HWM11/14/23$51.34$197.18284.07%
SFM1/29/24$49.45$110.04122.53%
CRS4/23/24$79.66$249.00212.58%
AGX9/6/24$76.70$281.00266.36%
BKNG9/16/24$3,918.00$5,286.0034.92%
APP9/17/24$116.09$552.64376.04%
DUOL9/18/24$245.87$317.6129.18%
EAT10/1/24$78.33$133.4670.38%
NFLX10/18/24$700.99$1,241.3577.09%
LRN10/23/24$69.70$152.33118.55%
PLTR11/5/24$44.91$181.51304.16%
SPOT11/6/24$387.44$689.2177.89%
CRWD4/24/25$398.33$503.9526.52%
CLS5/1/25$87.00$264.69204.24%
RGC5/1/25$1.55$16.03934.19%
CCJ6/9/25$62.55$82.7732.33%
SEZL5/9/25$79.59$75.19-5.53%
CRWV5/14/25$64.62$125.0693.53%
GEV5/20/25$447.50$585.3330.80%
NVDA6/3/25$140.76$181.1628.70%
MIRM8/7/2025$54.23$68.9827.20%
CCJ6/9/25$62.55$82.7732.33%
ORCL6/12/25$198.31$275.1538.75%
QBTS5/20/25$13.23$32.19143.31%
IONQ9/12/25$54.74$59.508.70%
HOOD6/30/25$85.60$131.8454.02%
IREN9/9/2025$28.25$55.2095.40%

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  • About the General Market Index (GMI)
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  • So, Wishing Wealth Reader, Tell Us About Yourself…
  • Blog post: David, my co-presenter, brilliant colleague of 20+ years died in a freak accident on 2/18; Day 35 of $QQQ short term down-trend; 15 promising stocks to monitor
  • Blog Post: Day 40 of $QQQ short term up-trend; Up-trend continues, GMI=6 and $AAPL has a GLB after a Blue Dot of Happiness signal, see daily chart.
  • Blog Post: Day 39 of $QQQ short term up-trend; Much weakness on Friday: more new lows than highs and only 8 at ATH, lowest since April 24! Another possible head and shoulder’s top forming, see daily chart. GMI=4 but Green, see table.
  • Blog Post: Day 38 of $QQQ short term up-trend; Banks and NYSE stocks are cratering and GLD keeps rising; something bad may be about to happen, reminds me of 2008, see charts.
  • Blog Post: Day 37 of $QQQ short term up-trend; Check out this amazing daily chart showing how $GLD has closed above its 5 EMA every day but one since August 22! See also $IREN, and how I trade this pattern.
  • Blog Post: Day 35 of $QQQ short term up-trend; $QQQ has a blue dot (oversold bounce), GMI back to 5 (of 6).

Blogroll

  • Barchart All-Time Highs
  • Blue Collar Investor
  • CNNMoney: Pre-market Futures
  • Dark Liquidity
  • Seeking Alpha
  • Stock Chartist

Recommended Reading

QQQ and TQQQ ETF Profit Machine Momentum Masters - A Roundtable Interview with Super Traders - Minervini, Ryan, Zanger & Ritchie II Alan Ellman's Selling Cash-Secured Puts: Investing to Generate Monthly Cash Flow Stock Investing For Students - a plan to get rich slowly and retire young Trade Like a Stock Market Wizard: How to Achieve Super Performance in Stocks in Any Market Exit Strategies for Covered Call Writing: Making the Most Money When Selling Stock Options Complete Encyclopedia for Covered Call Writing Wall Street The Other Las Vegas How to Make Money in Stocks: A Winning System in Good Times and Bad, Fourth Edition Trend Trading: A seven step approach to success How Legendary Traders Made Millions: Profiting From the Investment Strategies of the Gretest Traders of All time The Complete TurtleTrader: The Legend, the Lessons, the Results How to Make Money Selling Stocks Short Reminiscences of a Stock Operator Stan Weinstein's Secrets For Profiting in Bull and Bear Markets Lessons from the Greatest Stock Traders of All Time How I Made $2,000,000 In The Stock Market

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