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GMI: 6; All indexes in up-trends; Worden indicator near peak

Thursday, April 26, 2007 @ 12:01 pm by Dr. Wish

The GMI remains at the maximum of 6.  Gmi0425 All indexes in this table are in up-trends.  According to the Worden indicator, 80.21% of all stocks closed above their 40 day averages.  Market tops have tended to occur in the 82-83% area.  Should we sell in May and go away? 

See prior post for my disclaimers.

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GMI: 6

Sunday, April 22, 2007 @ 10:03 pm by Dr. Wish

The GMI remains at 6.  Gmi0420 All major indexes remain in up-trends.  The QQQQ and SPY have closed above their 10 week averages for three weeks.

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GMI: 6; But standing room only at the local traders meetup

Wednesday, April 18, 2007 @ 9:06 am by Dr. Wish

While the GMI is still at 6, the local traders’ meet-up meeting was packed.  In prior meetings of the other local IBD meet-up, when the crowds came back, we were not far from a market top.  We had standing room  only last night. Contrary indicator?

Note disclaimers at bottom of prior post.

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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$184.32259.02%
SFM1/29/24$49.45$164.55232.76%
CRS4/23/24$79.66$278.61249.75%
AGX9/6/24$76.70$220.89187.99%
BKNG9/16/24$3,918.00$5,742.9046.58%
APP9/17/24$116.09$356.90207.43%
DUOL9/18/24$245.87$378.0253.75%
EAT10/1/24$78.33$164.91110.53%
NFLX10/18/24$700.99$1,264.1480.34%
LRN10/23/24$69.70$135.5094.40%
PLTR11/5/24$44.91$149.19232.20%
SPOT11/6/24$387.44$718.3485.41%
CRWD4/24/25$398.33$475.3819.34%
CLS5/1/25$87.00$161.6685.82%
RGC5/1/25$1.55$14.35825.81%
LMB5/6/25$107.00$147.6638.00%
SEZL5/9/25$79.59$135.2669.95%
CRWV5/14/25$64.62$132.87105.62%
GEV5/20/25$447.50$554.7523.97%
NVDA6/3/25$140.76$164.3116.73%
TSSI6/6/2025$18.26$21.2016.10%
CCJ6/9/25$62.55$74.9019.74%
ORCL6/12/25$198.31$229.0615.51%

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  • 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 53 of $QQQ short term up-trend; adapted daily Guppy chart shows QQQ in RWB up-trend and above last Green line top. GMI= Green and = 5 (of 6), see table.
  • Blog Post: Day 52 of $QQQ short term up-trend; $IBIT retakes green line and closes at an ATH, has had three GLBs, see weekly and monthly charts
  • Blog Post: Day 51 of $QQQ short term up-trend; Recent GLB, $SHAK has retaken green line after a recent Blue Dot OSB, see daily and weekly charts.
  • Blog Post: Day 48 of $QQQ short term up-trend; check out my revised GLB success table and GMI table..
  • Blog Post: Day 45 of $QQQ short term up-trend; $HOOD takes off with a high volume GLB and closes at ATH, see daily and monthly charts.

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Recommended Reading

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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