Blog Post: Day 4 of $QQQ short term down-trend; Stocks always fall faster than they rose; Daily RWB up-trend is over. Time to be out and cash is king right now.

Wednesday, July 24, 2024Wednesday, July 24, 2024 @ 9:52 pm by Dr. Wish

GMI4/6

GMI-24/9

T210857%

I posted on 7/19 that my QQQ short term trend indicator had started a new down-trend. I went to cash then and am waiting for my indictor to signal a new up-trend to buy TQQQ. The daily RWB up-trend pattern has ended. You may access my blog at www.wishingwealthblog.com

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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.	Date	GLB $	Now $	Chg.
UBER	1/25/24	$64.05	$71.44	11.54%
META	1/23/24	$384.33	$577.16	50.17%
SMCI	1/19/24	$35.70	$18.01	-49.55%
COST	12/11/23	$615.27	$923.89	50.16%
GDDY	11/22/23	$93.75	$185.29	97.64%
WING	11/15/23	$223.77	$330.63	47.75%
ELF	1/8/24	$139.85	$123.11	-11.97%
CAH	11/3/23	$95.45	$121.29	27.07%
PGR	10/13/23	$149.87	$257.50	71.82%
ANF	12/18/23	$85.77	$144.60	68.59%
MPTI	10/9/23	$21.00	$59.82	184.86%
PANW	8/21/23	$213.61	$394.39	84.63%
NVO	8/8/23	$86.49	$105.32	21.77%
CBOE	8/4/23	$138.54	$198.43	43.23%
VST	8/4/23	$27.96	$138.46	395.21%
MOD	8/3/23	$37.62	$120.17	219.43%
VRT	8/2/23	$28.80	$121.03	320.24%
PSN	8/2/23	$50.15	$100.28	99.96%
PHM	4/25/23	$63.90	$129.44	102.57%

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