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GMI: 0; GMI-R: 0; 23rd day of QQQQ down-trend; DGP

Tuesday, July 15, 2008 @ 12:01 am by Dr. Wish

The GMI and GMI-R remain at zero.  There were 29 new highs and 548  new lows in my universe of 4,000 stocks on Monday.  Monday was the 23rd day of the current QQQQ down-trend.  The Worden T2108 indicator remains at 11%. Gold remains strong; the Ultra long gold ETF is DGP.

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GMI: 0; GMI-R: 0; 22nd day of QQQQ down-trend

Monday, July 14, 2008 @ 12:01 am by Dr. Wish

The GMI and GMI-R are both back to zero.  There were 28 new highs and 711 new lows in my universe of 4,000 stocks on Friday.  The Worden T2108 indicator is back to 11%, still above the low of 8% reached last Monday. Friday was the 22nd day in the current QQQQ down-trend. I hold short and long positions.

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GMI: 0; GMI-R: 1; 21st day of QQQQ down-trend

Friday, July 11, 2008 @ 12:01 am by Dr. Wish

The GMI remains at zero, and the GMI-R rose to one.  There were 20 new highs and 457 new lows in my universe of 4,000 stocks on Thursday.  The Worden T2108 indicator is now at 12%.  I sold CPST several days ago.  Thursday was the 21st day of the current QQQQ down-trend.

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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$115.04230.67%
META1/23/24$384.33$738.0992.05%
APP9/17/24$116.09$350.08201.56%
COST12/11/23$615.27$989.9460.90%
GDDY11/22/23$93.75$180.0692.06%
WING11/15/23$223.77$336.7450.48%
CAVA4/22/24$58.10$84.2344.97%
CAH11/3/23$95.45$168.0076.01%
PGR10/13/23$149.87$266.8678.06%
NFLX10/18/24$700.99$1,339.1391.03%
MPTI10/9/23$21.00$42.00100.00%
AGX9/6/24$76.70$220.48187.46%
SFM1/29/24$49.45$164.64232.94%
CBOE8/4/23$138.54$233.2168.33%
VST8/4/23$27.96$193.81593.17%
MOD8/3/23$37.62$98.50161.83%
VRT8/2/23$28.80$128.41345.87%
PSN8/2/23$50.15$71.7743.11%
PHM4/25/23$63.90$105.4665.04%
CRS4/23/24$79.66$276.38246.95%
IBKR2/9/24$95.59$55.41-42.03%
EAT10/1/24$78.33$180.33130.22%
DUOL9/18/24$245.87$410.0266.76%
HWM11/14/23$51.34$186.13262.54%
LRN10/23/24$69.70$145.19108.31%
SPOT11/6/24$387.44$767.3498.05%
CRS4/23/24$79.66$276.38246.95%

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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 44 of $QQQ short term up-trend; TA works also for mutual funds; See GLB last week in Fidelity Contrafund, $FCNKX, and learn how I analyze the market and a great source to limit losses.
  • Blog Post: Day 43 of $QQQ short term up-trend; So many breakouts–$RKLB had a high volume GLB on Thursday, see daily and monthly charts.
  • Blog Post: $CLS had GLB on Wednesday. See daily and weekly charts.
  • Blog Post: Day 41 of $QQQ short term up-trend; $QQQ had a blue dot oversold bounce on Monday, see daily chart; $CRDO and $PWR had a GLB on Tuesday, see charts.
  • Blog Post: Day 40 of $QQQ short term up-trend; For the first time since last February QQQ’s 4wk avg>10 wk avg>30 wk avg, also true for $SPY, see weekly charts. Bull is back!

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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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