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GMI: 6; GMI-R: 10; 38th day of QQQQ up-trend

Friday, May 16, 2008 @ 12:01 am by Dr. Wish

The GMI and GMI-R remain at their maximum levels.  There were 122 new highs and 53 new lows in my universe of 4,000 stocks on Thursday.  Thursday was the 38th day of the QQQQ up-trend.

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GMI: 6; GMI-R: 10; 37th day of QQQQ up-trend

Thursday, May 15, 2008 @ 12:01 am by Dr. Wish

The GMI and GMI-R remain at their maximum levels.  There were 181 new highs and 40 new lows in my universe of 4,000 stocks on Wednesday.  This was the largest number of new highs since November 6, 2007.  Wednesday was the 37th day of the current QQQQ up-trend.

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GMI: 6; GMI-R: 10; CPST rocks, QLD and DZZ

Wednesday, May 14, 2008 @ 8:18 am by Dr. Wish

The GMI and GMI-R are back to their maximum readings.  There were 149 new highs and 47 new lows in my universe of 4,000 stocks on Wednesday.  CPST continues to climb on high volume.  I am sitting back and riding QLD, as well as a number of growth stocks.  I also am ultra short gold with DZZ.

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Current GMI Signal

GREEN

since close on OCT 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.

Green Line Breakout stocks
Sym.DateGLB $Now $Chg.
ENLT6/18/25$20.44$69.73241.14%
SFM1/29/24$49.45$63.8129.04%
CRS4/23/24$79.66$377.86374.34%
AGX9/6/24$76.70$364.56375.31%
BTSG9/9/25$25.57$63.15146.97%
APP9/17/24$116.09$263.72127.17%
EAT10/1/24$78.33$202.56158.60%
PLTR11/5/24$44.91$202.40350.68%
INSW3/16/26$65.94$118.1179.12%
BE8/22/25$44.95$240.58435.22%
CLS5/1/25$87.00$324.37272.84%
RGC5/1/25$1.55$8.10422.58%
CCJ6/9/25$62.55$82.0731.21%
RHLD8/12/25$54.05$113.13109.31%
GEV5/20/25$447.50$933.00108.49%
CLS6/25/25$144.27$324.37124.84%
MIRM8/7/2025$54.23$79.2746.17%
CCJ6/9/25$62.55$82.0731.21%
WDC9/4/25$86.66$364.87321.04%
SNDK9/4/25$58.36$1,416.572327.30%
STX6/3/2025$117.67$718.83510.89%
TTMI6/3/25$30.41$104.69244.26%
MU9/29/25$157.54$926.09487.84%
INBX7/8/25$18.95$84.72347.07%
SPHR9/11/25$56.08$99.0376.59%
FIX7/24/25$553.09$1,531.78176.95%
MU9/25/25$157.54$926.09487.84%
VIK6/30/25$53.14$82.4855.21%

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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
  • Green Dot strategy defined
  • In the hospital. Will resume posting next week. Thank you for your patience.
  • How I use put options as investment insurance
  • 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 18 of $QQQ short term up-trend; By mistake, I found 11 semiconductor stocks had a rising Blue Dot today, see list. Are semis bouncing? I will explain the rising Blue Dot setup at my MoneyShow talk on October 20, register free on my blog.
  • Day 16 of $QQQ short term up-trend; GMI remains GREEN, see table. 25 stocks traded at an ATH on Friday, 6 were oil&gas and 4 were software firms. One software firm, PLTR, had a GLB on Friday, see daily and monthly charts and my analysis .
  • Day 15 of $QQQ short term up-trend; only 17 US stocks reached an ATH on Thursday, the most (7) were oil & gas related; 6 of them have more than doubled from their lows the past year. See list.
  • Day 13 of $QQQ short term up-trend; GMI=Green; More US new yearly highs than lows 91/46. 28 at ATH, most in software (6). DELL had a nice rise on Tuesday after its recent blue dot oversold bounce, see daily chart.
  • Day 12 of $QQQ short term up-trend, GMI=5 and turns GREEN! Many stocks are breaking out and NVDA even had a GLB on Monday! TQQQ up +14% since Day 1 on 9/18. Daily modified Guppy chart shows QQQ closing above all 12 averages.

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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