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Dr. Wish

High Volume Selling of $DIA and $SPY at End of Day

Wednesday, October 3, 2018 @ 8:35 pm by Dr. Wish
GMI4/6
GMI-26/9
T210839%

I do not usually look at hourly charts but did tonight. This chart of DIA shows a lot of selling at the end of day the past week. A similar pattern can be seen in the SPY. What do the big boys know that is causing them to sell at the end of the day?

Will post again next Sunday night.

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Warning signs abound

Wednesday, October 3, 2018 @ 10:16 am by Dr. Wish
GMI4/6
GMI-26/9
T210837%

More daily new lows than highs; only 32% of US stocks advance; T2108 at lowest level since last April. The GMI is now at 4 (of 6). XLF and XLB are weak. And short rates are on a steady rise:

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Long bonds decline; 60th day of $QQQ short term up-trend

Monday, October 1, 2018 @ 10:28 pm by Dr. Wish
GMI5/6
GMI-27/9
T210839%

This chart shows the renewed decline on Monday in 20 year treasury bonds. Long rates are rising.

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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.
FTAI10/26/23$34.79$117.71238.34%
META1/23/24$384.33$643.8867.53%
APP9/17/24$116.09$366.61215.80%
COST12/11/23$615.27$1,010.4764.23%
GDDY11/22/23$93.75$189.95102.61%
WING11/15/23$223.77$308.4837.86%
CAVA4/22/24$58.10$99.0670.50%
CAH11/3/23$95.45$151.9559.19%
PGR10/13/23$149.87$281.1587.60%
NFLX10/18/24$700.99$1,177.9868.05%
MPTI10/9/23$21.00$47.45125.95%
AGX9/6/24$76.70$183.32139.01%
SFM1/29/24$49.45$161.28226.15%
CBOE8/4/23$138.54$219.1458.18%
VST8/4/23$27.96$152.06443.85%
MOD8/3/23$37.62$102.45172.33%
VRT8/2/23$28.80$105.38265.90%
PSN8/2/23$50.15$68.2536.09%
PHM4/25/23$63.90$102.7760.83%
CRS4/23/24$79.66$230.44189.28%
IBKR2/9/24$95.59$206.99116.54%
EAT10/1/24$78.33$148.6489.76%
DUOL9/18/24$245.87$530.52115.77%
HWM11/14/23$51.34$161.29214.16%
LRN10/23/24$69.70$153.78120.63%
SPOT11/6/24$387.44$640.1865.23%
CRS4/23/24$79.66$230.44189.28%

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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 15 of $QQQ short term up-trend; Here are 15 stocks from my growth watchlist that reached an ATH Thursday; note 4 are from the aerospace & defense industry.
  • Blog Post: Day 14 of $QQQ short term up-trend; Blue dots have helped me find strong stocks bouncing from oversold, see daily chart of AMZN; learn about the blue dot at my presentation to the Boston IBD Meetup on 5/21, register on blog.
  • Blog Post: Day 13 of $QQQ short term up-trend; Register NOW to get the free recording of my presentation to the Boston IBD Meetup on 5/21; $TQQQ beats most individual stocks again, see daily chart!
  • Sign up for my free webianr at the Boston IBD Meetup for 5/21, get free recording. Link is below..
  • Blog Post: Day 12 of $QQQ short term up-trend; GMI=6 (of 6); Time for me to look for buys near ATHs; See $UBER GLB on daily and weekly charts.

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Recommended Reading

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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