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Blog Post: Day 12 of $QQQ short term up-trend; 292 US new highs, 136 ATHs and 40 lows; $CCJ rises after cup with handle and recent GLB, see daily and weekly charts.

Thursday, November 21, 2024 @ 9:17 pm by Dr. Wish
GMI6/6
GMI-24/9
T210854%

Screenshot
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Blog Post: Day 10 of $QQQ short term up-trend; Here is a list of 17 growth stocks that reached an ATH on Tuesday, ranked by appreciation from a year ago; $APP is up 8x, see monthly chart and GLB in September at $116.09

Tuesday, November 19, 2024 @ 9:25 pm by Dr. Wish
GMI6/6
GMI-24/9
T210848%

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Blog Post: Day 8 of $QQQ short term up-trend, it could end on Monday; But my 10:30 weekly chart of $QQQ shows a continuing longer term up-trend.

Sunday, November 17, 2024 @ 7:36 pm by Dr. Wish
GMI5/6
GMI-23/9
T210848%

While my short term QQQ trend indicator might turn down on Monday, QQQ closed (gray line) above it 10 week average (dotted line)and its 10 week average is climbing above its rising 30 week average (red line).

The GMI remains Green.
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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$114.02227.74%
META1/23/24$384.33$720.2587.40%
APP9/17/24$116.09$337.71190.90%
COST12/11/23$615.27$984.6060.03%
GDDY11/22/23$93.75$179.2191.16%
WING11/15/23$223.77$333.2248.91%
CAVA4/22/24$58.10$82.3041.65%
CAH11/3/23$95.45$163.6071.40%
PGR10/13/23$149.87$264.4876.47%
NFLX10/18/24$700.99$1,297.5585.10%
MPTI10/9/23$21.00$40.4592.62%
AGX9/6/24$76.70$206.34169.02%
SFM1/29/24$49.45$162.18227.97%
CBOE8/4/23$138.54$230.5766.43%
VST8/4/23$27.96$185.59563.77%
MOD8/3/23$37.62$97.96160.39%
VRT8/2/23$28.80$122.15324.13%
PSN8/2/23$50.15$73.0545.66%
PHM4/25/23$63.90$110.5372.97%
CRS4/23/24$79.66$271.96241.40%
IBKR2/9/24$95.59$56.19-41.22%
EAT10/1/24$78.33$184.16135.11%
DUOL9/18/24$245.87$401.7163.38%
HWM11/14/23$51.34$177.67246.07%
LRN10/23/24$69.70$141.98103.70%
SPOT11/6/24$387.44$725.2587.19%
CRS4/23/24$79.66$271.96241.40%

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  • About the General Market Index (GMI)
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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 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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