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Dr. Wish

13th day of $QQQ short term down-trend

Wednesday, April 9, 2014 @ 8:35 pm by Dr. Wish
GMI4/6
GMI-23/9
T210860%

Let’s see how far this bounce can go.

1 Comment

12th day of $QQQ short term down-trend

Tuesday, April 8, 2014 @ 9:13 pm by Dr. Wish
GMI1/6
GMI-21/9
T210855%

I am on sidelines, in cash in my trading accounts.

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11th day of $QQQ short term down-trend

Monday, April 7, 2014 @ 11:36 pm by Dr. Wish
GMI1/6
GMI-20/9
T210852%

GMI has flashed a Sell signal.

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Current GMI Signal

GREEN

since close on May 5, 2024

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.
HWM11/14/23$51.34$203.71296.79%
SFM1/29/24$49.45$80.9763.74%
CRS4/23/24$79.66$333.96319.23%
AGX9/6/24$76.70$345.86350.93%
BKNG9/16/24$3,918.00$5,036.0428.54%
APP9/17/24$116.09$565.09386.77%
DUOL9/18/24$245.87$186.36-24.20%
EAT10/1/24$78.33$113.3044.64%
NFLX10/18/24$700.99$1,116.6359.29%
LRN10/23/24$69.70$65.10-6.60%
PLTR11/5/24$44.91$176.05292.01%
SPOT11/6/24$387.44$640.0065.19%
CRWD4/24/25$398.33$539.3135.39%
CLS5/1/25$87.00$306.73252.56%
RGC5/1/25$1.55$13.00738.71%
CCJ6/9/25$62.55$85.4336.58%
SEZL5/9/25$79.59$53.44-32.86%
CRWV5/14/25$64.62$77.7320.29%
GEV5/20/25$447.50$580.4129.70%
NVDA6/3/25$140.76$189.4934.62%
MIRM8/7/2025$54.23$72.5233.73%
CCJ6/9/25$62.55$85.4336.58%
ORCL6/12/25$198.31$226.7314.33%
QBTS5/20/25$13.23$24.0681.86%
IONQ9/12/25$54.74$47.67-12.92%
HOOD6/30/25$85.60$125.2846.36%
IREN9/9/2025$28.25$47.7569.03%

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  • About the General Market Index (GMI)
  • Welcome to the new *and improved* Wishing Wealth
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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 Post: Day 58 of $QQQ short term up-trend, it may end on Friday. Now we see if last Friday’s bounce will hold. $AMZN has a failed GLB, see daily chart.
  • Blog Post: Day 57 of $QQQ short term up-trend; Since day 1 on 8/25 QQQ +8.9% but $TQQQ +24.5%, outperforming 85% of NASDAQ100 stocks and 94% of S&P500 stocks. The 15 NASDAQ 100 stocks that beat TQQQ are shown below. Buy the haystack!
  • Blog Post: Social Media abuzz about Friday’s bounce off of 50 day average; Major indexes also bounced off of lower Bollinger Band and had a blue dot signal, see daily chart of $QQQ and analysis; This week we see whether the bounce can hold. GMI=3
  • Blog Post: Technical problems prevented last night’s post. I am mainly in cash with some $SQQQ in my trading accounts. $QQQ failed to hold 4wk avg and is now sitting on critical 10 wk avg, see weekly chart. Short term up-trend in jeopardy. Last night’s GMI stats shown.
  • Blog Post: Day 52 of $QQQ short term up-trend: GMI back to 6. We want to buy a stock or ETF when it has had a GLB, to ATHs. See monthly chart example of $ARKK.

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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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