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Dr. Wish

$QQQ in Daily RWB pattern and GMI=6 (of 6) and Green

Sunday, January 3, 2021 @ 10:17 pm by Dr. Wish
GMI6/6
GMI-27/9
T210873%

 

 

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The times, they are a-changing–$ZM in daily BWR pattern for first time since last December

Tuesday, December 29, 2020Wednesday, December 30, 2020 @ 9:21 pm by Dr. Wish
GMI6/6
GMI-27/9
T210872%

Jesse Livermore once wrote how easy it was to unload stocks on the public during a decline from highs. ZM may not be a bargain here. I never buy a stock when its shorter term averages (red) are declining below the falling longer term averages (blue).

 

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36th day of $QQQ short term up-trend

Tuesday, December 29, 2020 @ 9:08 am by Dr. Wish
GMI6/6
GMI-27/9
T210866%

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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$66.15223.63%
SFM1/29/24$49.45$64.6530.74%
CRS4/23/24$79.66$395.50396.49%
AGX9/6/24$76.70$385.08402.06%
BTSG9/9/25$25.57$61.83141.81%
APP9/17/24$116.09$282.08142.98%
EAT10/1/24$78.33$194.77148.65%
PLTR11/5/24$44.91$188.29319.26%
ALMS1/6/26$13.53$7.06-47.82%
BE8/22/25$44.95$287.49539.58%
CLS5/1/25$87.00$384.22341.63%
RGC5/1/25$1.55$7.07356.13%
CCJ6/9/25$62.55$87.6540.13%
RHLD8/12/25$54.05$114.10111.10%
GEV5/20/25$447.50$991.89121.65%
CLS6/25/25$144.27$384.22166.32%
MIRM8/7/2025$54.23$82.4251.98%
CCJ6/9/25$62.55$87.6540.13%
WDC9/4/25$86.66$441.41409.36%
SNDK9/4/25$58.36$1,708.582827.66%
STX6/3/2025$117.67$888.22654.84%
TTMI6/3/25$30.41$134.82343.34%
MU9/29/25$157.54$1,065.53576.36%
INBX7/8/25$18.95$98.15417.94%
SPHR9/11/25$56.08$111.2198.31%
FIX7/24/25$553.09$1,715.92210.24%
MU9/25/25$157.54$1,065.53576.36%
VIK6/30/25$53.14$80.9452.31%

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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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  • 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
  • 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.
  • 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.

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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