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$LULU breaks out and $QQQ now in daily RWB up-trend

Wednesday, February 13, 2019 @ 7:45 am by Dr. Wish
GMI5/6
GMI-25/9
T210884%

I wrote about LULU a few days ago as it bounced from support. It had an above average volume break-out from a cup with handle pattern on Tuesday.

And the QQQ is in a daily RWB up-trend. Not yet so in a weekly RWB.

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7 stocks at recent ATH: $NSP $CRM $TEAM $NOW $ETSY $COUP $OKTA

Tuesday, February 12, 2019 @ 8:35 am by Dr. Wish
GMI5/6
GMI-25/9
T210881%

NSP had huge gap up GLB to ATH on Monday.

 

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$QQQ fails to break through 30 week average–another wall??

Friday, February 8, 2019 @ 8:59 am by Dr. Wish
GMI4/6
GMI-25/9
T210881%

Will the market re-test December lows?

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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$175.92242.66%
SFM1/29/24$49.45$144.28191.77%
CRS4/23/24$79.66$241.91203.68%
AGX9/6/24$76.70$230.02199.90%
BKNG9/16/24$3,918.00$5,705.6845.63%
APP9/17/24$116.09$469.33304.28%
DUOL9/18/24$245.87$316.0228.53%
EAT10/1/24$78.33$161.83106.60%
NFLX10/18/24$700.99$1,226.0974.91%
LRN10/23/24$69.70$169.79143.60%
PLTR11/5/24$44.91$160.84258.14%
SPOT11/6/24$387.44$696.4779.76%
CRWD4/24/25$398.33$417.604.84%
CLS5/1/25$87.00$198.62128.30%
RGC5/1/25$1.55$13.55774.19%
LMB5/6/25$107.00$123.2715.21%
SEZL5/9/25$79.59$93.1317.01%
CRWV5/14/25$64.62$91.3941.43%
GEV5/20/25$447.50$625.9139.87%
NVDA6/3/25$140.76$181.7729.13%
TSSI6/6/2025$18.26$16.00-12.38%
CCJ6/9/25$62.55$76.5122.32%
ORCL6/12/25$198.31$234.2118.10%

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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 2 of $QQQ short term down-trend, likely to end on Monday; Les Masonson’s new book about TQQQ and leveraged ETFs just published!
  • Blog Post: Day 1 of new $QQQ short term down-trend; however, 40% end within 5 days; 3 biotechs (HALO, ALNY, RYTM) reached an ATH, see list of 24 stocks that reached an ATH on Thursday.
  • Blog Post: Day 81 of $QQQ short term up-trend, it may end Thursday; Mainly in cash during the post-earnings release lull; Many stocks had an oversold bounce on Tuesday, see $PLTR as an example.
  • Day 78 of $QQQ short term up-trend; $TQQQ outperforms again! If you bought TQQQ on Day 1 it would be up 73.2% beating all but 1 (AMD) of the Nasdaq 100 stocks and all but 6 of the S&P500 stocks!
  • Blog Post: Day 76 of $QQQ short term up-trend; 255 US stocks at yearly highs, 87 at ATHs and 18 at new lows; $RDDT had a GLB, see 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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