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Dr. Wish

Market holds through Fed and election; RWB stock: ALTR

Thursday, November 4, 2010Wednesday, November 3, 2010 @ 7:00 am by Dr. Wish
GMI6/6
GMI-R10/10
T210875%

It looks like the market has held nicely through the events this week that could have derailed it.   I am increasing my positions again.   Below is a weekly chart of ALTR, another RWB rocket stock at all-time highs.

3 Comments

41st day of QQQQ short term up-trend; Cautious

Wednesday, November 3, 2010Wednesday, November 3, 2010 @ 7:00 am by Dr. Wish
GMI6/6
GMI-R10/10
T210875%

GMI and GMI-R are back to their maximum levels. Nevertheless, I lightened up a little until we get through this week.   With the reaction to the election results coming and the Fed about to act, I am a little cautious.

1 Comment

QQQQ up-trend reaches 40th day; RWB: IMAX

Tuesday, November 2, 2010Monday, November 1, 2010 @ 7:00 am by Dr. Wish
GMI5/6
GMI-R9/10
T210870%

There were 310 new 52 week highs in my universe of 4,000 stocks on Monday. One of these is an RWB stock that Judy told me about when it was in single digits–IMAX. Click on this weekly chart to enlarge.

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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$199.98289.52%
SFM1/29/24$49.45$82.5266.88%
CRS4/23/24$79.66$331.18315.74%
AGX9/6/24$76.70$343.90348.37%
BKNG9/16/24$3,918.00$4,795.5822.40%
APP9/17/24$116.09$539.69364.89%
DUOL9/18/24$245.87$178.45-27.42%
EAT10/1/24$78.33$121.2654.81%
NFLX10/18/24$700.99$110.16-84.29%
LRN10/23/24$69.70$62.82-9.87%
PLTR11/5/24$44.91$171.12281.03%
SPOT11/6/24$387.44$635.6964.07%
CRWD4/24/25$398.33$529.9933.05%
CLS5/1/25$87.00$309.60255.86%
RGC5/1/25$1.55$12.88730.97%
CCJ6/9/25$62.55$83.0232.73%
SEZL5/9/25$79.59$50.90-36.05%
CRWV5/14/25$64.62$75.1016.22%
GEV5/20/25$447.50$576.4228.81%
NVDA6/3/25$140.76$186.1232.23%
MIRM8/7/2025$54.23$72.1933.12%
CCJ6/9/25$62.55$83.0232.73%
ORCL6/12/25$198.31$219.2310.55%
QBTS5/20/25$13.23$22.7071.58%
IONQ9/12/25$54.74$47.78-12.71%
HOOD6/30/25$85.60$115.4334.85%
IREN9/9/2025$28.25$47.2967.40%

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  • About the General Market Index (GMI)
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  • 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 1 of $QQQ short term down-trend; QQQ found support again at lower daily 15.2 BB. Will it hold?
  • Blog Post: Day 58 of $QQQ short term up-trend, it may end on Friday. Now we see if last Friday’s bounce will hold. $AMZN has a failed GLB, see daily chart.
  • Blog Post: Day 57 of $QQQ short term up-trend; Since day 1 on 8/25 QQQ +8.9% but $TQQQ +24.5%, outperforming 85% of NASDAQ100 stocks and 94% of S&P500 stocks. The 15 NASDAQ 100 stocks that beat TQQQ are shown below. Buy the haystack!
  • Blog Post: Social Media abuzz about Friday’s bounce off of 50 day average; Major indexes also bounced off of lower Bollinger Band and had a blue dot signal, see daily chart of $QQQ and analysis; This week we see whether the bounce can hold. GMI=3
  • Blog Post: Technical problems prevented last night’s post. I am mainly in cash with some $SQQQ in my trading accounts. $QQQ failed to hold 4wk avg and is now sitting on critical 10 wk avg, see weekly chart. Short term up-trend in jeopardy. Last night’s GMI stats shown.

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  • Blue Collar Investor
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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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