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Blog Post: GMI=Green and Monday is Day 5 of new $QQQ short term up-trend.

Sunday, October 30, 2022 @ 9:03 pm by Dr. Wish
GMI4/6
GMI-25/9
T210862%

I am nibbling on TQQQ and will accumulate more if the new short term up-trend persists. Fed to meet this week and volatility may be high. I am recovering from Covid and keeping it brief tonight.

2 Comments

Blog Post: Today is Day 4 of new $QQQ short term up-trend; GMI turned Green on October 26. see my class poll on sentiment on QQQ

Friday, October 28, 2022 @ 12:33 pm by Dr. Wish
GMI4/6
GMI-24/9
T210856%

Shown in this daily chart of QQQ is the percentage bullish on QQQ based on a weekly poll of  my freshmen class of 123 students. They are learning how a contrarian indicator functions.

1 Comment

Blog Post: Day1 of new $QQQ short term up-trend; GMI may turn Green on Wednesday, but still in Stage 4 down-trend, see weekly chart

Wednesday, October 26, 2022 @ 8:22 am by Dr. Wish
GMI4/6
GMI-25/9
T210853%

6 Comments
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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$183.55257.52%
SFM1/29/24$49.45$134.26171.51%
CRS4/23/24$79.66$246.26209.14%
AGX9/6/24$76.70$230.40200.39%
BKNG9/16/24$3,918.00$5,459.0639.33%
APP9/17/24$116.09$573.93394.38%
DUOL9/18/24$245.87$281.9314.67%
EAT10/1/24$78.33$151.1392.94%
NFLX10/18/24$700.99$1,253.3778.80%
LRN10/23/24$69.70$160.76130.65%
PLTR11/5/24$44.91$166.79271.39%
SPOT11/6/24$387.44$703.5281.58%
CRWD4/24/25$398.33$427.027.20%
CLS5/1/25$87.00$249.09186.31%
RGC5/1/25$1.55$13.50770.97%
LMB5/6/25$107.00$105.18-1.70%
SEZL5/9/25$79.59$90.8414.13%
CRWV5/14/25$64.62$119.1584.39%
GEV5/20/25$447.50$637.7542.51%
NVDA6/3/25$140.76$177.7726.29%
TSSI6/6/2025$18.26$15.75-13.75%
CCJ6/9/25$62.55$80.6528.94%
ORCL6/12/25$198.31$337.8170.34%

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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 11 of $QQQ short term up-trend; QQQ is gaining strength, H+S top pattern no more; $IREN had a high volume retake of its green line, see daily and monthly charts.
  • Blog Post: Day 9 of $QQQ short term up-trend; A most difficult and conflicted market, see daily chart of $QQQ and my thoughts.
  • Blog Post: Day 8 of $QQQ short term up-trend; $QQQ held the head and shoulders neckline–but will it overtake the right shoulder?
  • Blog Post Day 6 of $QQQ short term up-trend but likely will end on Wednesday; $GOOGL holds its green line and will likely gap up on Wednesday on news.
  • Blog Post: Day 5 of $QQQ short term up-trend; But $QQQ raisng some serious concerns, see possible Head and Shoulders top pattern in daily chart; Charts of $DIA and $SPY tell quite a different story; But check out $GOOGL’s daily chart.

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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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