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GMI: 0; GMI-R: 0; 23rd day of QQQQ down-trend; DGP

Tuesday, July 15, 2008 @ 12:01 am by Dr. Wish

The GMI and GMI-R remain at zero.  There were 29 new highs and 548  new lows in my universe of 4,000 stocks on Monday.  Monday was the 23rd day of the current QQQQ down-trend.  The Worden T2108 indicator remains at 11%. Gold remains strong; the Ultra long gold ETF is DGP.

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GMI: 0; GMI-R: 0; 22nd day of QQQQ down-trend

Monday, July 14, 2008 @ 12:01 am by Dr. Wish

The GMI and GMI-R are both back to zero.  There were 28 new highs and 711 new lows in my universe of 4,000 stocks on Friday.  The Worden T2108 indicator is back to 11%, still above the low of 8% reached last Monday. Friday was the 22nd day in the current QQQQ down-trend. I hold short and long positions.

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GMI: 0; GMI-R: 1; 21st day of QQQQ down-trend

Friday, July 11, 2008 @ 12:01 am by Dr. Wish

The GMI remains at zero, and the GMI-R rose to one.  There were 20 new highs and 457 new lows in my universe of 4,000 stocks on Thursday.  The Worden T2108 indicator is now at 12%.  I sold CPST several days ago.  Thursday was the 21st day of the current QQQQ down-trend.

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Current GMI Signal

GREEN

since close on AUG 6, 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$80.57294.18%
SFM1/29/24$49.45$81.0463.88%
CRS4/23/24$79.66$490.58515.84%
AGX9/6/24$76.70$459.96499.69%
BTSG9/9/25$25.57$60.90138.17%
APP9/17/24$116.09$312.63169.30%
EAT10/1/24$78.33$233.22197.74%
PLTR11/5/24$44.91$185.93314.01%
ALMS1/6/26$13.53$23.2171.54%
BE8/22/25$44.95$217.83384.61%
CLS5/1/25$87.00$317.38264.80%
RGC5/1/25$1.55$5.52256.13%
CCJ6/9/25$62.55$106.3369.99%
RHLD8/12/25$54.05$133.73147.42%
GEV5/20/25$447.50$953.83113.15%
CLS6/25/25$144.27$317.38119.99%
MIRM8/7/2025$54.23$99.7583.94%
CCJ6/9/25$62.55$106.3369.99%
WDC9/4/25$86.66$462.00433.12%
SNDK9/4/25$58.36$1,484.952444.47%
STX6/3/2025$117.67$847.20619.98%
TTMI6/3/25$30.41$124.73310.16%
MU9/29/25$157.54$935.39493.75%
INBX7/8/25$18.95$123.93553.98%
SPHR9/11/25$56.08$147.34162.73%
FIX7/24/25$553.09$1,614.98191.99%
MU9/25/25$157.54$935.39493.75%
VIK6/30/25$53.14$89.8169.01%

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  • About the General Market Index (GMI)
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  • 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
  • Day 13 of $QQQ short term up-trend; Weekly chart shows QQQ to be right on its 4wk and 10wk averages. This critical week should tell us whether QQQ will hold up of fall below these averages. The GMI is still Green, see table.
  • Day 12 of $QQQ short term up-trend, but it is weakening; Only 25 stocks reached an ATH, 8 are oil & gas related. QQQ closed just below its 4 wk and 10 wk averages, see weekly chart. Friday’s close may tell the story.
  • Day 11 of $QQQ short term up-trend; My post on 8/17 showed GLD turning up as some traders apparently anticipated the U.S. announcement to reduce interest rates. It’s all in the charts!
  • Blog, Day 9 of $QQQ short term up-trend; The modified daily Guppy chart shows a clear change in trend for gold, measured by GLD. See the daily chart below and the end of the BWR decline and the start of an RWB up-trend.
  • Blog: Day 8 of $QQQ short term up-trend. Six oil and gas stocks hit an ATH on Friday. Almost all have already doubled from their lowest price the past year. See list below and GMI table.

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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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