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GMI=4, short and long term trends may turn up today

Thursday, November 8, 2018 @ 7:48 am by Dr. Wish
GMI4/6
GMI-25/9
T210841%

IBD calls yesterday a follow-through day and start of new market up-trend. QQQ almost closing above all 12 averages (dotted line).

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T2108 may have again called bottom; 23rd day of $QQQ short term down-trend

Wednesday, November 7, 2018 @ 6:43 am by Dr. Wish
GMI0/6
GMI-24/9
T210831%

Weekly chart shows that the Worden T2108 indicator (available on TC2000) reached single digits (below green line) on October 26 and has now closed at 31.22%. T2108 acts as a pendulum of the market, falling to single digits at extreme market sell-offs.

 

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Daily BWR pattern continues-22nd day of $QQQ short term down-trend

Tuesday, November 6, 2018 @ 6:37 am by Dr. Wish
GMI1/6
GMI-23/9
T210826%

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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$109.73215.41%
META1/23/24$384.33$606.4657.80%
APP9/17/24$116.09$345.55197.66%
COST12/11/23$615.27$1,007.6163.77%
GDDY11/22/23$93.75$183.2195.42%
WING11/15/23$223.77$277.5924.05%
CAVA4/22/24$58.10$96.3465.82%
CAH11/3/23$95.45$148.2555.32%
PGR10/13/23$149.87$285.0390.18%
NFLX10/18/24$700.99$1,149.9964.05%
MPTI10/9/23$21.00$55.33163.48%
AGX9/6/24$76.70$174.91128.04%
SFM1/29/24$49.45$160.09223.74%
CBOE8/4/23$138.54$230.7766.57%
VST8/4/23$27.96$141.97407.76%
MOD8/3/23$37.62$94.39150.90%
VRT8/2/23$28.80$96.79236.08%
PSN8/2/23$50.15$64.4728.55%
PHM4/25/23$63.90$103.8962.58%
CRS4/23/24$79.66$211.79165.87%
IBKR2/9/24$95.59$185.8394.40%
EAT10/1/24$78.33$137.6475.72%
DUOL9/18/24$245.87$506.92106.17%
HWM11/14/23$51.34$157.82207.40%
LRN10/23/24$69.70$157.80126.40%
SPOT11/6/24$387.44$660.8770.57%
CRS4/23/24$79.66$211.79165.87%

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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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  • 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 8 of $QQQ short term up-trend; $BJ had another successful Blue Dot set-up, as did $GLD, see daily charts.
  • Blog Post: Day 7 of $QQQ short term up-trend and GMI flashes Green! 17 US stocks at ATHs and up at least 50% the past 12 months worthy of monitoring.
  • Blog Post: Day 6 of $QQQ short term up-trend; $QQQ. $DIA, $SPY, $IWM retake their 10 week averages! Keeping an eye on $UBER, see daily and monthly charts
  • Blog Post: Day 5 of $QQQ short term up-trend; $DRS had a GLB on way above average trading volume, see daily chart.
  • Blog Post: Day 4 of $QQQ short term up-trend; Slowly adding $TQQQ and some individual stocks near their ATHs; $BJ has another blue dot set-up, see daily chart.

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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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