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Market holds through Fed and election; RWB stock: ALTR

Thursday, November 4, 2010Wednesday, November 3, 2010 @ 7:00 am by Dr. Wish
GMI6/6
GMI-R10/10
T210875%

It looks like the market has held nicely through the events this week that could have derailed it.   I am increasing my positions again.   Below is a weekly chart of ALTR, another RWB rocket stock at all-time highs.

3 Comments

41st day of QQQQ short term up-trend; Cautious

Wednesday, November 3, 2010Wednesday, November 3, 2010 @ 7:00 am by Dr. Wish
GMI6/6
GMI-R10/10
T210875%

GMI and GMI-R are back to their maximum levels. Nevertheless, I lightened up a little until we get through this week.   With the reaction to the election results coming and the Fed about to act, I am a little cautious.

1 Comment

QQQQ up-trend reaches 40th day; RWB: IMAX

Tuesday, November 2, 2010Monday, November 1, 2010 @ 7:00 am by Dr. Wish
GMI5/6
GMI-R9/10
T210870%

There were 310 new 52 week highs in my universe of 4,000 stocks on Monday. One of these is an RWB stock that Judy told me about when it was in single digits–IMAX. Click on this weekly chart to enlarge.

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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$95.02364.87%
SFM1/29/24$49.45$80.1862.14%
CRS4/23/24$79.66$492.62518.40%
AGX9/6/24$76.70$689.43798.87%
SATS8/26/25$50.21$124.64148.24%
APP9/17/24$116.09$558.87381.41%
EAT10/1/24$78.33$136.5074.26%
PLTR11/5/24$44.91$141.70215.52%
ALMS1/6/26$13.53$20.3950.70%
BE8/22/25$44.95$291.37548.21%
CLS5/1/25$87.00$425.36388.92%
RGC5/1/25$1.55$22.161329.68%
CCJ6/9/25$62.55$114.0282.29%
RHLD8/12/25$54.05$116.97116.41%
GEV5/20/25$447.50$963.33115.27%
CLS6/25/25$144.27$425.36194.84%
MIRM8/7/2025$54.23$92.4970.55%
CCJ6/9/25$62.55$114.0282.29%
WDC9/4/25$86.66$575.50564.09%
SNDK9/4/25$58.36$1,759.682915.22%
STX6/3/2025$117.67$925.99686.94%
TTMI6/3/25$30.41$184.84507.83%
MU9/29/25$157.54$996.00532.22%
INBX7/8/25$18.95$91.25381.53%
SPHR9/11/25$56.08$142.18153.53%
FIX7/24/25$553.09$1,914.65246.17%

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  • About the General Market Index (GMI)
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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
  • The same chart pattern I posted yesterday for the 2000 top also got me out of the market just before the 2008 decline. Market tops take time to develop. I ignore the news and gossip and watch the 30 week average.
  • HOW I IDENTIFIED AND EXITED AT THE MARKET TOP IN 2000–WHEN THE 30 WEEK AVERAGE CURVED DOWN. TO IDENTIFY A LIKELY TOP, I JUST WATCH THE 30 WEEK AVERAGE. Compare the weekly charts of QQQ from 2000 and now.
  • Blog: Day 36 of QQQ short term up-trend; I am amazed how strongly advancing stocks and ETFs may track along their 5 day exponential moving average, see daily charts of QQQ and DELL.
  • Blog Post: Day 32 of QQQ short term up-trend; GMI=5 (of 6) and GREEN. 15 of 62 stocks reaching ATH on Friday were semiconductors. They lead again and 5 had a GLB! See list and note earnings release dates.
  • Blog Post: Day 31 of QQQ short term up-trend; $ALAB holds GLB, see daily chart. Must not close below 262.90. Note high volume on break-out.

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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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