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Dr. Wish

$QQQ short term up-trend may end on Friday

Thursday, December 3, 2015 @ 10:50 pm by Dr. Wish
GMI3/6
GMI-23/9
T210837%

But the QQQ remains in an RWB up-trend!

QQQGMMA11032015

3 Comments

42nd day of $QQQ short term up-trend; $AAPL continues to weaken

Wednesday, December 2, 2015 @ 10:04 pm by Dr. Wish
GMI6/6
GMI-25/9
T210846%

Head and shoulders top pattern still intact. Check out this weekly chart of AAPL. (Click to enlarge.) Note the declining 30 week average (red line). Is AAPL topping out or am I out on a thin limb? Bears love to devour fallen apples…..

AAPL12022015

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Dollar in RWB up-trend, oil in BWR down-trend–I trade with the trend

Thursday, November 26, 2015 @ 10:32 am by Dr. Wish
GMI6/6
GMI-28/9
T210854%

UUP, the dollar ETF, is in a renewed  RWB up-trend, likely reflecting higher interest rates in the U.S.

UUP11252015In contrast, oil, measured by  USO, remains in a BWR down-trend.

US)11252015The GMI is back to 6 (of 6).

Happy Thanksgiving—will post next on 12/2.

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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$89.04335.62%
SFM1/29/24$49.45$73.6748.98%
CRS4/23/24$79.66$554.40595.96%
AGX9/6/24$76.70$547.51613.83%
SATS8/26/25$50.21$0.20-99.60%
APP9/17/24$116.09$434.48274.26%
EAT10/1/24$78.33$185.47136.78%
PLTR11/5/24$44.91$134.44199.35%
ALMS1/6/26$13.53$27.23101.26%
BE8/22/25$44.95$206.73359.91%
CLS5/1/25$87.00$303.86249.26%
RGC5/1/25$1.55$4.78208.39%
CCJ6/9/25$62.55$87.3639.66%
RHLD8/12/25$54.05$134.54148.92%
GEV5/20/25$447.50$1,036.22131.56%
CLS6/25/25$144.27$303.86110.62%
MIRM8/7/2025$54.23$117.36116.41%
CCJ6/9/25$62.55$87.3639.66%
WDC9/4/25$86.66$466.81438.67%
SNDK9/4/25$58.36$1,411.082317.89%
STX6/3/2025$117.67$745.49533.54%
TTMI6/3/25$30.41$130.14327.95%
MU9/29/25$157.54$853.20441.58%
INBX7/8/25$18.95$89.07370.03%
SPHR9/11/25$56.08$138.54147.04%
FIX7/24/25$553.09$1,680.60203.86%

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  • About the General Market Index (GMI)
  • Welcome to the new *and improved* Wishing Wealth
  • 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
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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
  • Blog: Day 8 of $QQQ short term down-trend; QQQ is still in a consolidation, see daily chart and modified Guppy chart.
  • Blog: Day 6 of continuing $QQQ short term down-trend; Technical weakness resumes but QQQ has not broken out of its current consolidation yet.
  • Blog: Day 5 of $QQQ short term down-trend, could turn up on Monday; GMI=3 but GMI2=7 see Table; QQQ might break out of its consolidation this week with earnings, see daily chart.
  • Blog: Weekly chart shows QQQ strengthens yet again!!!! QQQ short term trend could also turn up Friday. Spy has behaved better, compare their weekly charts.
  • Blog: Day 3 of $QQQ short term down-trend; Only 14 stocks at ATHs, 8 of them are biotechs, see list! Even biotech ETF, IBB, had a recent GLB, see chart! Why are $$$ going into biotechs?

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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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