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Dr. Wish

4th day of QQQ short term up-trend; GILD green line break-out

Friday, August 3, 2012Friday, August 3, 2012 @ 7:00 am by Dr. Wish
GMI5/6
GMI-23/9
T210859%

As bumpy as this ride has been, the market remains in a short and longer term up-trend. IBD still sees the market in a confirmed up-trend…..

GILD hit a new all-time high on Thursday and broke out of a multi-year base, as shown by this monthly green line chart. Click on chart to enlarge. GILD is worth researching.

1 Comment

3rd day of QQQ short term up-trend

Thursday, August 2, 2012Wednesday, August 1, 2012 @ 7:00 am by Dr. Wish
GMI5/6
GMI-24/9
T210865%

Markets remain in short and longer term up-trends.

2 Comments

2nd day of QQQ short term up-trend; AAPL cup-with-handle break out coming?

Wednesday, August 1, 2012Wednesday, August 1, 2012 @ 7:00 am by Dr. Wish
GMI5/6
GMI-24/9
T210871%

I own and am keeping an eye on AAPL, which may be forming a powerful cup-with-handle pattern.   A close above 620 on volume higher than normal could be a major break-out. Take a look at this weekly chart of AAPL. The green line shows that AAPL is near its all-time peak.

1 Comment
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Current GMI Signal

GREEN

since close on APR 10, 2026

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.
ENLT6/18/25$20.44$89.36337.18%
SFM1/29/24$49.45$84.8271.53%
CRS4/23/24$79.66$616.14673.46%
AGX9/6/24$76.70$786.99926.06%
SATS8/26/25$50.21$0.20-99.60%
APP9/17/24$116.09$517.03345.37%
EAT10/1/24$78.33$165.99111.91%
PLTR11/5/24$44.91$116.91160.32%
ALMS1/6/26$13.53$28.20108.43%
BE8/22/25$44.95$304.40577.20%
CLS5/1/25$87.00$361.53315.55%
RGC5/1/25$1.55$6.22301.29%
CCJ6/9/25$62.55$101.5262.30%
RHLD8/12/25$54.05$145.39168.99%
GEV5/20/25$447.50$1,161.39159.53%
CLS6/25/25$144.27$361.53150.59%
MIRM8/7/2025$54.23$118.26118.07%
CCJ6/9/25$62.55$101.5262.30%
WDC9/4/25$86.66$638.98637.34%
SNDK9/4/25$58.36$2,261.963775.87%
STX6/3/2025$117.67$951.93708.98%
TTMI6/3/25$30.41$188.52519.93%
MU9/29/25$157.54$1,165.32639.70%
INBX7/8/25$18.95$93.62394.04%
SPHR9/11/25$56.08$173.65209.65%
FIX7/24/25$553.09$1,972.00256.54%

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  • Blog: Day 2 of new $QQQ short term down-trend; A lot of key stocks are technically weak. Look at daily Guppy chart since June. Will stocks resume up-trend with 2nd Quarter earnings?
  • Blog: Day 7 of $QQQ short term up-trend, it may end Wednesday, but longer term trend remains up, see chart.
  • Blog: Day 6 of $QQQ short term up-trend; GMI= 6 (of 6). Market remains in short and longer term uptrends.
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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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