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With the $QQQ short term up-trend in its 74th day, I suspect it will end very soon. Am very defensive and holding $GLD

Wednesday, January 29, 2020 @ 9:45 pm by Dr. Wish
GMI5/6
GMI-24/9
T210847%

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73rd day of $QQQ short term up-trend; $QQQ just below 4 wk avg

Tuesday, January 28, 2020 @ 10:11 pm by Dr. Wish
GMI6/6
GMI-23/9
T210848%

QQQ hasn’t closed below its 4wk avg. (pink dotted line) since this rally began in October. It will be a  sign of technical weakness if QQQ closes the week below this important average.

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GMI declines to 4 (of 6); 72nd day of $QQQ short term up-trend

Monday, January 27, 2020 @ 9:22 pm by Dr. Wish
GMI4/6
GMI-22/9
T210845%
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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$113.96227.57%
META1/23/24$384.33$721.6187.76%
APP9/17/24$116.09$337.49190.71%
COST12/11/23$615.27$984.4160.00%
GDDY11/22/23$93.75$178.7990.71%
WING11/15/23$223.77$336.7550.49%
CAVA4/22/24$58.10$83.1243.06%
CAH11/3/23$95.45$163.5671.36%
PGR10/13/23$149.87$264.1276.23%
NFLX10/18/24$700.99$1,299.5885.39%
MPTI10/9/23$21.00$40.7594.05%
AGX9/6/24$76.70$208.15171.38%
SFM1/29/24$49.45$162.93229.48%
CBOE8/4/23$138.54$229.3665.56%
VST8/4/23$27.96$186.17565.84%
MOD8/3/23$37.62$99.02163.21%
VRT8/2/23$28.80$124.10330.90%
PSN8/2/23$50.15$72.6544.87%
PHM4/25/23$63.90$110.7173.26%
CRS4/23/24$79.66$274.29244.33%
IBKR2/9/24$95.59$56.37-41.03%
EAT10/1/24$78.33$185.13136.35%
DUOL9/18/24$245.87$404.3064.44%
HWM11/14/23$51.34$178.32247.33%
LRN10/23/24$69.70$143.21105.47%
SPOT11/6/24$387.44$727.9787.89%
CRS4/23/24$79.66$274.29244.33%

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  • About the General Market Index (GMI)
  • Welcome to the new *and improved* Wishing Wealth
  • 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 45 of $QQQ short term up-trend; $HOOD takes off with a high volume GLB and closes at ATH, see daily and monthly charts.
  • 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.

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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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