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Dr. Wish

11th Day of QQQQ Short Term Down-trend

Thursday, May 20, 2010Wednesday, May 19, 2010 @ 7:00 am by Dr. Wish
GMI1/6
GMI-R1/10
T210819%

The GMI and GMI-R are both at one.   T2108 is back in possible bounce territory, at 19%.   Better to be on the sidelines, mainly in cash.

4 Comments

10th Day of QQQQ Down-trend; Markets ominous; AAPL weakening

Wednesday, May 19, 2010Wednesday, May 19, 2010 @ 7:00 am by Dr. Wish
GMI1/6
GMI-R2/10
T210823%

The markets look like they are in sustained down-trends. This is the time to be short or in cash.   Longer term trends still up–for now…………

1 Comment

9th Day of QQQQ Short term down-trend

Tuesday, May 18, 2010Monday, May 17, 2010 @ 7:00 am by Dr. Wish
GMI1/6
GMI-R2/10
T210828%

The volatility continues, as does the QQQQ down-trend.

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Current GMI Signal

GREEN

since close on OCT 6, 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.

Green Line Breakout stocks
Sym.DateGLB $Now $Chg.
ENLT6/18/25$20.44$65.86222.21%
SFM1/29/24$49.45$65.4332.32%
CRS4/23/24$79.66$390.40390.08%
AGX9/6/24$76.70$401.43423.38%
BTSG9/9/25$25.57$64.64152.80%
APP9/17/24$116.09$278.11139.56%
EAT10/1/24$78.33$188.01140.02%
PLTR11/5/24$44.91$193.91331.77%
INSW3/16/26$65.94$117.3778.00%
BE8/22/25$44.95$289.55544.16%
CLS5/1/25$87.00$371.29326.77%
RGC5/1/25$1.55$7.16361.94%
CCJ6/9/25$62.55$89.4042.93%
RHLD8/12/25$54.05$115.70114.06%
GEV5/20/25$447.50$995.50122.46%
CLS6/25/25$144.27$371.29157.36%
MIRM8/7/2025$54.23$82.2951.74%
CCJ6/9/25$62.55$89.4042.93%
WDC9/4/25$86.66$404.29366.52%
SNDK9/4/25$58.36$1,725.372856.43%
STX6/3/2025$117.67$801.02580.73%
TTMI6/3/25$30.41$128.18321.51%
MU9/29/25$157.54$1,086.10589.41%
INBX7/8/25$18.95$94.82400.37%
SPHR9/11/25$56.08$106.6690.19%
FIX7/24/25$553.09$1,710.10209.19%
MU9/25/25$157.54$1,086.10589.41%
VIK6/30/25$53.14$81.6953.73%

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  • About the General Market Index (GMI)
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  • 6th day of $QQQ short term down-trend; GMI could signal a Buy
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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
  • Day 13 of $QQQ short term up-trend; GMI=Green; More US new yearly highs than lows 91/46. 28 at ATH, most in software (6). DELL had a nice rise on Tuesday after its recent blue dot oversold bounce, see daily chart.
  • Day 12 of $QQQ short term up-trend, GMI=5 and turns GREEN! Many stocks are breaking out and NVDA even had a GLB on Monday! TQQQ up +14% since Day 1 on 9/18. Daily modified Guppy chart shows QQQ closing above all 12 averages.
  • Day 11 of $QQQ short term up-trend, its Weekly 10.4 Stochastic= 86, a sign of a strong up-trend, see GMI table; ARW had a nice high volume GLB to an ATH, see daily chart.
  • Day 10 of $QQQ short term up-trend; My modified daily Guppy chart below warned to abandon or short NKE long before tonight’s post earnings swoon. A chart is worth………. Come to my MoneyShow online appearance on October 20.
  • Day 8 of QQQ short term up-trend but TSLA has entered a Stage 4 down-trend. Only 13 stocks reached ATH Tuesday with 43 new yearly US highs and 149 lows. T2108=18%. Strange market.

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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