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Dr. Wish

$GLD resuming up-trend? GMI signal remains Green

Sunday, December 29, 2019 @ 10:18 pm by Dr. Wish
GMI6/6
GMI-27/9
T210866%

This weekly chart suggests to me that GLD’s consolidation may be over after it again finds support at its 30 week average (solid red line). Why is gold rising?

 

Meanwhile the GMI remains Green and at 6 (of 6).

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$GLD begins daily RWB up-trend; 52nd day of $QQQ short term up-trend

Friday, December 27, 2019 @ 9:11 am by Dr. Wish
GMI6/6
GMI-27/9
T210867%

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51st day of $QQQ short term up-trend; Recent GLB, $CZZ sizzles…

Thursday, December 26, 2019 @ 7:48 am by Dr. Wish
GMI6/6
GMI-27/9
T210867%

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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$193.45276.80%
SFM1/29/24$49.45$110.96124.39%
CRS4/23/24$79.66$241.76203.49%
AGX9/6/24$76.70$293.82283.08%
BKNG9/16/24$3,918.00$5,306.5635.44%
APP9/17/24$116.09$590.07408.29%
DUOL9/18/24$245.87$333.9335.82%
EAT10/1/24$78.33$132.3268.93%
NFLX10/18/24$700.99$1,220.4674.11%
LRN10/23/24$69.70$145.22108.35%
PLTR11/5/24$44.91$181.21303.50%
SPOT11/6/24$387.44$689.1677.88%
CRWD4/24/25$398.33$494.3224.10%
CLS5/1/25$87.00$252.76190.53%
RGC5/1/25$1.55$17.311016.77%
CCJ6/9/25$62.55$95.3452.42%
SEZL5/9/25$79.59$77.44-2.70%
CRWV5/14/25$64.62$137.63112.98%
GEV5/20/25$447.50$650.9945.47%
NVDA6/3/25$140.76$183.1830.14%
MIRM8/7/2025$54.23$73.0634.72%
CCJ6/9/25$62.55$95.3452.42%
ORCL6/12/25$198.31$302.5252.55%
QBTS5/20/25$13.23$43.20226.53%
IONQ9/12/25$54.74$79.2344.74%
HOOD6/30/25$85.60$139.4662.92%
IREN9/9/2025$28.25$68.31141.81%

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  • About the General Market Index (GMI)
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  • How to use IBD 100 and New America stocks and TC2007 to find potential rocket stocks; Market rally begins
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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 35 of $QQQ short term up-trend; $QQQ has a blue dot (oversold bounce), GMI back to 5 (of 6).
  • Blog Post: Day 34 of $QQQ short term up-trend, it could end on Monday; GMI= 4 and still Green; Will indexes hold on Monday?
  • Blog Post: Day 32 of $QQQ short term up-trend; 176 US new highs, 58 lows and 68 ATHs; This daily modified Guppy chart shows $QQQ in a solid RWB up-trend.
  • Blog Post: Day 29 of $QQQ short term up-trend; Thank you for the many “likes” I received for my post about the pundits who are predicting an imminent market top. NO ONE knows what the market will do, except by chance once in a while. I explain why I think collections of winning stocks can mislead traders. Expect failed setups!
  • Blog Post: Day 26 of $QQQ short term up-trend; Nibbling at a few stocks showing strength; See daily and monthly charts of $BTSG and my analysis.

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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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