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Dr. Wish

Day 2 of $QQQ short term down-trend, not out of the woods yet; $AAPL weakening, the leaders top out first as the prior laggards rise

Thursday, February 25, 2021 @ 9:08 am by Dr. Wish
GMI4/6
GMI-23/9
T210868%

Time to be defensive, buying the oversold dip/bottom is not working. This is still post-earnings period when the market often drifts or weakens. Mid to late March may be the start of next earnings anticipation rise. AAPL is on the verge of entering a daily BWR down-trend.

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Day one of $QQQ short term down-trend; about 40% of new down-trends last 5 or fewer days

Tuesday, February 23, 2021 @ 10:03 pm by Dr. Wish
GMI4/6
GMI-23/9
T210867%

I generally buy some SQQQ at beginning of down-trend and add more if it extends beyond 5 days. My trading IRA account is mainly in cash.

 

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$QQQ short term up-trend likely to end on Tuesday; Commodities ETF, $DBC, in a daily RWB up-trend

Monday, February 22, 2021 @ 10:47 pm by Dr. Wish
GMI6/6
GMI-23/9
T210867%

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Current GMI Signal

RED

since close on SEP 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.

Green Line Breakout stocks
Sym.DateGLB $Now $Chg.
ENLT6/18/25$20.44$69.26238.85%
SFM1/29/24$49.45$64.5330.50%
CRS4/23/24$79.66$389.01388.34%
AGX9/6/24$76.70$376.00390.22%
BTSG9/9/25$25.57$55.47116.93%
APP9/17/24$116.09$306.83164.30%
EAT10/1/24$78.33$200.20155.59%
PLTR11/5/24$44.91$186.21314.63%
ALMS1/6/26$13.53$7.20-46.78%
BE8/22/25$44.95$295.34557.04%
CLS5/1/25$87.00$363.79318.15%
RGC5/1/25$1.55$6.12294.84%
CCJ6/9/25$62.55$86.2637.91%
RHLD8/12/25$54.05$125.18131.60%
GEV5/20/25$447.50$959.46114.40%
CLS6/25/25$144.27$363.79152.16%
MIRM8/7/2025$54.23$86.7860.02%
CCJ6/9/25$62.55$86.2637.91%
WDC9/4/25$86.66$449.33418.50%
SNDK9/4/25$58.36$1,701.432815.40%
STX6/3/2025$117.67$902.96667.37%
TTMI6/3/25$30.41$121.61299.90%
MU9/29/25$157.54$1,064.03575.40%
INBX7/8/25$18.95$105.22455.25%
SPHR9/11/25$56.08$135.54141.69%
FIX7/24/25$553.09$1,645.00197.42%
MU9/25/25$157.54$1,064.03575.40%
VIK6/30/25$53.14$78.9748.61%

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  • About the General Market Index (GMI)
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  • How to use IBD 100 and New America stocks and TC2007 to find potential rocket stocks; Market rally begins
  • 6th day of $QQQ short term down-trend; GMI could signal a Buy
  • Green Dot strategy defined
  • In the hospital. Will resume posting next week. Thank you for your patience.
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  • My first YouTube Vlog (video blog) Post: Sell in May and Go Away?
  • 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 6 of $QQQ short term up-trend; Only 15 US stocks reached an ATH on Friday. One of them , PS, had a green line breakout, GLB. See its weekly chart below. If it closes back below the green line, @54.94 it would be a failed GLB. GMI=3 and RED, see table.
  • 20 year treasury bond, $TLT, has been in a daily BWR down-trend since early July, and T2108 has been since the middle of August! Modified Guppy charts tell the story.
  • Weird market with T2108 down to 21%, see chart; New US yearly lows way above highs (136/60), only 16 of 6500+ stocks at ATHs, but $DE is holding its recent GLB to ATH!
  • $MAGS, the Magnificent Seven ETF, had a high volume GLB to an ATH on Monday! Are the popular overbought tech stocks coming back? See daily chart.
  • Discordant market: Equal wtd indexes of SPY (RSP) and QQQ (QQQE) are falling while cap wtd indexes tell a different story; T2108=24%, like last April! Market internals are collapsing, see weekly charts, and my analysis.

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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