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41st day of $QQQ short term up-trend; $QQQ on support–break-out coming Friday?

Thursday, September 1, 2016 @ 10:19 pm by Dr. Wish
GMI5/6
GMI-25/9
T210852%

With Friday’s job report, the QQQ will likely break out of its current consolidation–but which way? I must wait for the signal.

Screen Shot 2016-09-01 at 10.15.55 PM

 

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40th day of $QQQ short term up-trend

Wednesday, August 31, 2016 @ 9:09 pm by Dr. Wish
GMI5/6
GMI-24/9
T210855%
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39th day of $QQQ short term up-trend

Wednesday, August 31, 2016 @ 7:14 am by Dr. Wish
GMI6/6
GMI-24/9
T210858%

Market indexes still on edge. Which way will QQQ break?

Screen Shot 2016-08-31 at 7.12.36 AM

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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$179.46249.55%
SFM1/29/24$49.45$158.88221.29%
CRS4/23/24$79.66$275.47245.81%
AGX9/6/24$76.70$202.53164.05%
BKNG9/16/24$3,918.00$5,713.3345.82%
APP9/17/24$116.09$344.75196.97%
DUOL9/18/24$245.87$389.4558.40%
EAT10/1/24$78.33$171.28118.66%
NFLX10/18/24$700.99$1,275.3181.93%
LRN10/23/24$69.70$136.2295.44%
PLTR11/5/24$44.91$139.71211.09%
SPOT11/6/24$387.44$721.3986.19%
CRWD4/24/25$398.33$507.7127.46%
CLS5/1/25$87.00$155.7078.97%
RGC5/1/25$1.55$19.311145.81%
LMB5/6/25$107.00$143.4834.09%
SEZL5/9/25$79.59$164.13106.22%
CRWV5/14/25$64.62$151.45134.37%
GEV5/20/25$447.50$530.0018.44%
NVDA6/3/25$140.76$160.0013.67%
TSSI6/6/2025$18.26$26.7446.44%
CCJ6/9/25$62.55$71.9415.01%
ORCL6/12/25$198.31$234.5018.25%

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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 48 of $QQQ short term up-trend; check out my revised GLB success table and GMI table..
  • 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.

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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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