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Dr. Wish

IBD says market back in confirmed up-trend; GMI could turn Green at Monday’s close

Sunday, June 9, 2019 @ 9:21 pm by Dr. Wish
GMI5/6
GMI-25/9
T210839%

Still in QQQ short term down-trend-21st day. SPY now above its 10 wk average.

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20th day of $QQQ short term down-trend

Thursday, June 6, 2019 @ 8:47 pm by Dr. Wish
GMI3/6
GMI-23/9
T210836%

QQQ has rallied back to its 4 week moving average (pink dotted line)

 

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19th day of $QQQ short term down-trend

Thursday, June 6, 2019 @ 8:31 am by Dr. Wish
GMI3/6
GMI-23/9
T210835%

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Current GMI Signal

GREEN

since close on APR 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.

Sym.DateGLB $Now $Chg.
ENLT6/18/25$20.44$85.82319.86%
SFM1/29/24$49.45$81.1664.13%
CRS4/23/24$79.66$598.04650.74%
AGX9/6/24$76.70$783.09920.98%
SATS8/26/25$50.21$0.22-99.56%
APP9/17/24$116.09$497.02328.13%
EAT10/1/24$78.33$168.92115.65%
PLTR11/5/24$44.91$116.32159.01%
ALMS1/6/26$13.53$26.8998.74%
BE8/22/25$44.95$276.62515.39%
CLS5/1/25$87.00$343.58294.92%
RGC5/1/25$1.55$6.34309.03%
CCJ6/9/25$62.55$103.8265.98%
RHLD8/12/25$54.05$132.84145.77%
GEV5/20/25$447.50$1,098.27145.42%
CLS6/25/25$144.27$343.58138.15%
MIRM8/7/2025$54.23$123.53127.79%
CCJ6/9/25$62.55$103.8265.98%
WDC9/4/25$86.66$651.88652.23%
SNDK9/4/25$58.36$2,020.003361.27%
STX6/3/2025$117.67$974.02727.76%
TTMI6/3/25$30.41$187.88517.82%
MU9/29/25$157.54$1,126.89615.30%
INBX7/8/25$18.95$93.74394.67%
SPHR9/11/25$56.08$167.60198.86%
FIX7/24/25$553.09$1,960.94254.54%

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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: Day 3 of $QQQ short term down-trend; QQQ and SPY are now below their 10 week averages; MAG 7 ETF in daily BWR down-trend, see chart and GLD’s blue dot bounce.
  • Blog: Day 2 of new $QQQ short term down-trend; A lot of key stocks are technically weak. Look at daily Guppy chart since June. Will stocks resume up-trend with 2nd Quarter earnings?
  • Blog: Day 7 of $QQQ short term up-trend, it may end Wednesday, but longer term trend remains up, see chart.
  • Blog: Day 6 of $QQQ short term up-trend; GMI= 6 (of 6). Market remains in short and longer term uptrends.
  • Blog: Day 1 of new $QQQ short term up-trend; All GMI components are positive. Short and longer term trends are up. But Mag7 stocks are weak, see daily Guppy chart of MAGS.

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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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