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Blog Post: Day 25 of $QQQ short term up-trend; 75 US new highs and 69 lows; Weekly chart shows $AAPL hitting resistance at the same place for the third time, waiting for the GLB

Monday, June 10, 2024 @ 9:52 pm by Dr. Wish
GMI4/6
GMI-27/9
T210839%
Screenshot

A  close above the green line would be a GLB and a possible place to get on board.

2 Comments

Blog Post: Day 23 of $QQQ short term up-trend; $GLD had a blue dot signal on Thursday and seems to be rising, see daily chart

Thursday, June 6, 2024 @ 9:25 pm by Dr. Wish
GMI4/6
GMI-27/9
T210845%

Arrows show the 2 recent blue dot signals. If interest rates decline so will the value of the dollar and it will therefore take more dollars to buy an ounce of gold. I have a position.

Screenshot
1 Comment

Blog Post: Day 22 of $QQQ short term up-trend; Markets remain in short and longer term up-trends; Here are 7 stocks hitting an ATH on Wednesday on volume at least 50% above normal

Wednesday, June 5, 2024 @ 8:42 pm by Dr. Wish
GMI5/6
GMI-27/9
T210847%

All of these stocks hit an ATH on Wednesday but not on Tuesday. Last column shows volume Wed divided by average volume the past 50 days. Check them out.

Screenshot

 

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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$192.27274.50%
SFM1/29/24$49.45$114.12130.78%
CRS4/23/24$79.66$242.18204.02%
AGX9/6/24$76.70$312.50307.43%
BKNG9/16/24$3,918.00$5,080.8629.68%
APP9/17/24$116.09$602.30418.82%
DUOL9/18/24$245.87$341.0838.72%
EAT10/1/24$78.33$130.8267.01%
NFLX10/18/24$700.99$1,203.2971.66%
LRN10/23/24$69.70$146.25109.83%
PLTR11/5/24$44.91$179.62299.96%
SPOT11/6/24$387.44$671.3073.27%
CRWD4/24/25$398.33$489.0222.77%
CLS5/1/25$87.00$269.96210.30%
RGC5/1/25$1.55$18.761110.32%
CCJ6/9/25$62.55$93.4649.42%
SEZL5/9/25$79.59$77.99-2.01%
CRWV5/14/25$64.62$139.24115.48%
GEV5/20/25$447.50$615.9537.64%
NVDA6/3/25$140.76$179.8327.76%
MIRM8/7/2025$54.23$76.1940.49%
CCJ6/9/25$62.55$93.4649.42%
ORCL6/12/25$198.31$303.6253.10%
QBTS5/20/25$13.23$44.78238.47%
IONQ9/12/25$54.74$72.4132.28%
HOOD6/30/25$85.60$134.1556.72%
IREN9/9/2025$28.25$67.98140.64%

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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
  • The new 3x ETF’s–triple your pleasure — or pain
  • My first YouTube Vlog (video blog) Post: Sell in May and Go Away?
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  • My first YouTube Vlog (video blog) Post: Sell in May and Go Away?
  • 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 37 of $QQQ short term up-trend; Check out this amazing daily chart showing how $GLD has closed above its 5 EMA every day but one since August 22! See also $IREN, and how I trade this pattern.
  • Blog Post: Day 35 of $QQQ short term up-trend; $QQQ has a blue dot (oversold bounce), GMI back to 5 (of 6).
  • Blog Post: Day 34 of $QQQ short term up-trend, it could end on Monday; GMI= 4 and still Green; Will indexes hold on Monday?
  • Blog Post: Day 32 of $QQQ short term up-trend; 176 US new highs, 58 lows and 68 ATHs; This daily modified Guppy chart shows $QQQ in a solid RWB up-trend.
  • Blog Post: Day 29 of $QQQ short term up-trend; Thank you for the many “likes” I received for my post about the pundits who are predicting an imminent market top. NO ONE knows what the market will do, except by chance once in a while. I explain why I think collections of winning stocks can mislead traders. Expect failed setups!

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  • Blue Collar Investor
  • CNNMoney: Pre-market Futures
  • Dark Liquidity
  • Seeking Alpha
  • Stock Chartist

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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