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Dr. Wish

GMI: 6; All indexes in up-trends; Worden indicator near peak

Thursday, April 26, 2007 @ 12:01 pm by Dr. Wish

The GMI remains at the maximum of 6.  Gmi0425 All indexes in this table are in up-trends.  According to the Worden indicator, 80.21% of all stocks closed above their 40 day averages.  Market tops have tended to occur in the 82-83% area.  Should we sell in May and go away? 

See prior post for my disclaimers.

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GMI: 6

Sunday, April 22, 2007 @ 10:03 pm by Dr. Wish

The GMI remains at 6.  Gmi0420 All major indexes remain in up-trends.  The QQQQ and SPY have closed above their 10 week averages for three weeks.

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GMI: 6; But standing room only at the local traders meetup

Wednesday, April 18, 2007 @ 9:06 am by Dr. Wish

While the GMI is still at 6, the local traders’ meet-up meeting was packed.  In prior meetings of the other local IBD meet-up, when the crowds came back, we were not far from a market top.  We had standing room  only last night. Contrary indicator?

Note disclaimers at bottom of prior post.

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Current GMI Signal

RED

since close on JUL 20, 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$84.46313.21%
SFM1/29/24$49.45$87.1676.26%
CRS4/23/24$79.66$519.66552.35%
AGX9/6/24$76.70$570.43643.72%
BTSG9/9/25$25.57$59.71133.52%
APP9/17/24$116.09$395.90241.03%
EAT10/1/24$78.33$213.70172.82%
PLTR11/5/24$44.91$123.06174.01%
ALMS1/6/26$13.53$28.25108.80%
BE8/22/25$44.95$205.81357.86%
CLS5/1/25$87.00$331.44280.97%
RGC5/1/25$1.55$6.18298.71%
CCJ6/9/25$62.55$86.3838.10%
RHLD8/12/25$54.05$123.76128.97%
GEV5/20/25$447.50$990.29121.29%
CLS6/25/25$144.27$331.44129.74%
MIRM8/7/2025$54.23$105.9595.37%
CCJ6/9/25$62.55$86.3838.10%
WDC9/4/25$86.66$544.84528.71%
SNDK9/4/25$58.36$1,214.831981.61%
STX6/3/2025$117.67$856.13627.57%
TTMI6/3/25$30.41$115.44279.61%
MU9/29/25$157.54$823.03422.43%
INBX7/8/25$18.95$82.05332.98%
SPHR9/11/25$56.08$143.25155.44%
FIX7/24/25$553.09$1,729.69212.73%
MU9/25/25$157.54$823.03422.43%

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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: Day 20 of $QQQ short term down-trend; GMI=2, see table; QQQ is below its 4wk and 10wk average but is holding its critical 30 wk average, see weekly chart.
  • Blog: Day 19 of $QQQ short term down-trend; Look at the daily modified Guppy chart. Was Thursday a dead cat bounce? The market’s action will reveal the answer during the post earnings season period.
  • Blog: Day 18 of $QQQ short term down-trend; If I had bought SQQQ on Day 1 of the down-trend, I would be sitting on a gain of +29%. See the daily chart of SQQQ.
  • Blog: $IMAX had a high volume GLB (green line breakout) on July 23rd when they reported earnings, and closed Tuesday at an ATH. Homer would be proud, and rich……
  • Blog: Modified Daily Guppy chart shows the current trend for $QQQ. QQQ is very oversold with Friday’s SFS (super fast stochastic) below 10. So QQQ may bounce this week. GMI remains RED, however. See Guppy charts for QQQ, AAPL, JNJ and the GMI table.

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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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