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23rd day of $QQQ short term up-trend; GLB successful retest: $ALB

Wednesday, January 11, 2017 @ 9:41 pm by Dr. Wish
GMI5/6
GMI-28/9
T210867%

ALB had a high volume move up to an ATH after retesting its GLB on Wednesday.

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22nd day of $QQQ short term up-trend; GLB retest: $ALK

Tuesday, January 10, 2017 @ 11:06 pm by Dr. Wish
GMI5/6
GMI-28/9
T210865%

AlK successfully retested its recent GLB to an ATH on above average volume. Reports earnings on 1/19.

 

 

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GMI falls to 4 but 21st day of $QQQ short term up-trend; T2108 receding

Monday, January 9, 2017 @ 9:02 pm by Dr. Wish
GMI4/6
GMI-28/9
T210864%

The split market continues as the tech stocks represented by the QQQ shine brighter than other stocks. The T2108 has fallen to 64% after being above 70 all last week. The T2108 measures the percentage of NYSE stocks that closed above their 40 day simple moving averages.  Below is the daily chart of the T2108, available in TC2000.

 

 

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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$201.04291.59%
SFM1/29/24$49.45$106.80115.98%
CRS4/23/24$79.66$309.95289.09%
AGX9/6/24$76.70$292.46281.30%
BKNG9/16/24$3,918.00$5,120.5730.69%
APP9/17/24$116.09$626.82439.94%
DUOL9/18/24$245.87$293.8819.53%
EAT10/1/24$78.33$124.2658.64%
NFLX10/18/24$700.99$1,102.5057.28%
LRN10/23/24$69.70$153.53120.27%
PLTR11/5/24$44.91$189.60322.18%
SPOT11/6/24$387.44$653.4368.65%
CRWD4/24/25$398.33$546.9437.31%
CLS5/1/25$87.00$326.45275.23%
RGC5/1/25$1.55$17.281014.84%
CCJ6/9/25$62.55$106.9170.92%
SEZL5/9/25$79.59$72.10-9.41%
CRWV5/14/25$64.62$134.80108.60%
GEV5/20/25$447.50$570.9827.59%
NVDA6/3/25$140.76$201.0342.82%
MIRM8/7/2025$54.23$70.5130.02%
CCJ6/9/25$62.55$106.9170.92%
ORCL6/12/25$198.31$280.8341.61%
QBTS5/20/25$13.23$32.00141.87%
IONQ9/12/25$54.74$57.154.40%
HOOD6/30/25$85.60$146.2570.85%
IREN9/9/2025$28.25$62.42120.96%

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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 44 of $QQQ short term up-trend; $AAPL retakes green line, see daily chart. The GMI=6 (of 6) and Green, see Table.
  • Blog Post: Day 43 of $QQQ short term up-trend; “Come Back at Halloween.” Barring bad inflation news Friday, my indicators suggest a continuing up-trend, see weekly chart and explanation.
  • Blog Post: Day 42 of $QQQ short term up-trend; $AAPL has failed GLB, earnings next week, be careful of failed setups.
  • Blog Post: Day 40 of $QQQ short term up-trend; Up-trend continues, GMI=6 and $AAPL has a GLB after a Blue Dot of Happiness signal, see daily chart.
  • Blog Post: Day 39 of $QQQ short term up-trend; Much weakness on Friday: more new lows than highs and only 8 at ATH, lowest since April 24! Another possible head and shoulder’s top forming, see daily chart. GMI=4 but Green, see table.

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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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