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Dr. Wish

Blog Post: Day 4 of $QQQ short term up-trend; GMI rises to 4; 58 new US highs and 51 lows; 14 stocks at ATH, see list

Monday, October 16, 2023 @ 9:55 pm by Dr. Wish
GMI4/6
GMI-26/9
T210830%

Sorted by close/250 day low.

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Blog Post: Day 3 of $QQQ short term up-trend, it could end on Monday; but the 10:30 weekly chart shows a continuing longer term Stage 2 up-trend; time will tell

Sunday, October 15, 2023 @ 9:09 pm by Dr. Wish
GMI2/6
GMI-24/9
T210825%

QQQ looks like it hit a stone wall at the descending trend line on the daily chart.

However, the 10:30 weekly chart is still in a longer term Stage 2 up-trend. Stay tuned…..

 

The GMI is at 2 (of 6) and on a Red signal.

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Blog Post: Day 2 of $QQQ short term up-trend; 68 US new highs and 162 lows; $QQQ stops right at declining trend line, see daily chart, will it break through?

Thursday, October 12, 2023 @ 6:05 pm by Dr. Wish
GMI2/6
GMI-25/9
T210825%

Remember, I am more confident of a change in my $QQQ short term trend indicator when it reaches Day 5. We must be nimble.

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Current GMI Signal

RED

since close on Mar 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.

Sym.DateGLB $Now $Chg.
HWM11/14/23$51.34$227.90343.90%
SFM1/29/24$49.45$77.4056.52%
CRS4/23/24$79.66$376.92373.16%
AGX9/6/24$76.70$566.62638.75%
BKNG9/16/24$3,918.00$4,062.143.68%
APP9/17/24$116.09$381.20228.37%
EAT10/1/24$78.33$133.6770.65%
PLTR11/5/24$44.91$143.06218.55%
SPOT11/6/24$387.44$472.4821.95%
CRWD4/24/25$398.33$369.58-7.22%
CLS5/1/25$87.00$280.22222.09%
RGC5/1/25$1.55$25.671556.13%
CCJ6/9/25$62.55$103.9266.14%
CRWV5/14/25$64.62$74.8115.77%
GEV5/20/25$447.50$853.1690.65%
NVDA6/3/25$140.76$167.5219.01%
MIRM8/7/2025$54.23$88.4463.08%
CCJ6/9/25$62.55$103.9266.14%
QBTS5/20/25$13.23$13.905.06%
SNDK9/4/25$58.36$615.83955.23%
IREN9/9/2025$28.25$35.0924.21%

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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 36 of $QQQ short term down-trend; Indexes are very oversold; QQQ topped out in October, 2025, long before the current war, see weekly chart. End of the war may not change the longer term trend. Modified daily Guppy chart would have had you exit META long before Thursday’s debacle, see chart.
  • Blg Post: Day 33 of $QQQ short term down-trend; $QQQ’s 10 week average has crossed below its 30 week average, see weekly chart. Beware this likely ominous change in the longer term trend.
  • Blog Post: Day 32 of $QQQ short term down-trend; $QQQ 10 week average about to cross below 30 week average. It has been a long time since I have seen such market weakness.
  • Blog Post: Day 31 of $QQQ short term down-trend and GMI=GMI2=0; I have been warning you since February 4 that cash was king; And this may still be just the beginning of a major decline. See modified daily Guppy charts of QQQ, SPY, DIA, IWM.
  • Blog Post: Day 27 of $QQQ short term down-trend; GMI =0 and RED; More new US 52 week lows than highs; This weekly chart shows possible beginning of an ominous Weinstein Stage 4 down-trend; I remain safely in cash and watching the Worden T2108 indicator. But oversold bounce possible.

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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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