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Dr. Wish

33rd day of $QQQ short term up-trend; $QQQ holding its GLB and $TQQQ shines

Friday, January 27, 2017Friday, January 27, 2017 @ 4:37 am by Dr. Wish
GMI6/6
GMI-28/9
T210867%

This daily chart shows how QQQ has performed since its green line break-out (GLB). I am riding the TQQQ, triple leveraged bullish ETF that tracks 3X the QQQ. Note the day that the GMI turned green was on the close on November 10. Since November 10, the QQQ has advanced +8.5% and the TQQQ +27.2%.

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32nd day of $QQQ short term up-trend; $TLT –bonds falling–inflation on horizon?

Wednesday, January 25, 2017 @ 9:14 pm by Dr. Wish
GMI6/6
GMI-28/9
T210870%

Interest rates have started to firm again. Look at TLT,  an ETF for 20+ year treasury bonds. As TLT falls, interest rates rise. What are they telling us about future inflation?

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31st day of $QQQ short term up-trend; recent GLB $IRBT moves up

Tuesday, January 24, 2017 @ 11:04 pm by Dr. Wish
GMI6/6
GMI-27/9
T210866%

IRBT is starting to prove itself, hitting all time high on Tuesday.

 

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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$107.13207.93%
META1/23/24$384.33$592.4954.16%
APP9/17/24$116.09$328.54183.00%
COST12/11/23$615.27$1,008.0963.85%
GDDY11/22/23$93.75$182.6094.77%
WING11/15/23$223.77$267.3419.47%
CAVA4/22/24$58.10$93.9161.64%
CAH11/3/23$95.45$148.2255.29%
PGR10/13/23$149.87$284.5189.84%
NFLX10/18/24$700.99$1,140.2262.66%
MPTI10/9/23$21.00$56.33168.24%
AGX9/6/24$76.70$170.28122.01%
SFM1/29/24$49.45$161.77227.14%
CBOE8/4/23$138.54$231.7167.25%
VST8/4/23$27.96$135.75385.52%
MOD8/3/23$37.62$94.72151.78%
VRT8/2/23$28.80$94.06226.60%
PSN8/2/23$50.15$64.0927.80%
PHM4/25/23$63.90$102.4760.36%
CRS4/23/24$79.66$212.33166.55%
IBKR2/9/24$95.59$185.6094.16%
EAT10/1/24$78.33$136.9874.88%
DUOL9/18/24$245.87$512.75108.55%
HWM11/14/23$51.34$157.41206.60%
LRN10/23/24$69.70$156.51124.55%
SPOT11/6/24$387.44$648.2567.32%
CRS4/23/24$79.66$212.33166.55%

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  • About the General Market Index (GMI)
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  • 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 8 of $QQQ short term up-trend; $BJ had another successful Blue Dot set-up, as did $GLD, see daily charts.
  • Blog Post: Day 7 of $QQQ short term up-trend and GMI flashes Green! 17 US stocks at ATHs and up at least 50% the past 12 months worthy of monitoring.
  • Blog Post: Day 6 of $QQQ short term up-trend; $QQQ. $DIA, $SPY, $IWM retake their 10 week averages! Keeping an eye on $UBER, see daily and monthly charts
  • Blog Post: Day 5 of $QQQ short term up-trend; $DRS had a GLB on way above average trading volume, see daily chart.
  • Blog Post: Day 4 of $QQQ short term up-trend; Slowly adding $TQQQ and some individual stocks near their ATHs; $BJ has another blue dot set-up, see daily chart.

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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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