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Blog Post: Day 4 of $QQQ short term down-trend; Daily GMMA charts show 20 yr treasuries, $TLT, dive as commodities, $DBC, rise—in mirror images

Monday, April 18, 2022 @ 7:51 pm by Dr. Wish
GMI2/6
GMI-22/9
T210847%

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Blog Post: Day 2 of $QQQ short term down-trend; $QQQ still appears to be in Stage 4 down-trend, see weekly chart

Wednesday, April 13, 2022 @ 7:22 pm by Dr. Wish
GMI3/6
GMI-21/9
T210851%

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Blog Post: Day 1 of $QQQ short term down-trend, GMI turns Red; QQQ in hourly BWR down-trend, $GLD in hourly RWB up-trend, see charts

Wednesday, April 13, 2022Wednesday, April 13, 2022 @ 7:42 am by Dr. Wish
GMI4/6
GMI-22/9
T210845%

These are hourly charts. Note how in recent days GLD is the reverse of QQQ. Time to be very defensive and mainly in cash and maybe some gold (GLD or UGL) or SQQQ.

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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$198.90287.42%
SFM1/29/24$49.45$106.54115.45%
CRS4/23/24$79.66$308.28286.99%
AGX9/6/24$76.70$290.84279.19%
BKNG9/16/24$3,918.00$5,092.0429.97%
APP9/17/24$116.09$626.21439.42%
DUOL9/18/24$245.87$317.1128.97%
EAT10/1/24$78.33$125.7060.47%
NFLX10/18/24$700.99$1,103.7557.46%
LRN10/23/24$69.70$152.22118.39%
PLTR11/5/24$44.91$185.00311.93%
SPOT11/6/24$387.44$666.4872.02%
CRWD4/24/25$398.33$525.2031.85%
CLS5/1/25$87.00$299.81244.61%
RGC5/1/25$1.55$16.10938.71%
CCJ6/9/25$62.55$88.4641.42%
SEZL5/9/25$79.59$79.27-0.40%
CRWV5/14/25$64.62$131.58103.62%
GEV5/20/25$447.50$594.9132.94%
NVDA6/3/25$140.76$185.1631.54%
MIRM8/7/2025$54.23$69.7428.60%
CCJ6/9/25$62.55$88.4641.42%
ORCL6/12/25$198.31$285.0543.74%
QBTS5/20/25$13.23$33.15150.57%
IONQ9/12/25$54.74$61.7512.81%
HOOD6/30/25$85.60$138.6161.93%
IREN9/9/2025$28.25$60.70114.87%

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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
  • The new 3x ETF’s–triple your pleasure — or pain
  • My first YouTube Vlog (video blog) Post: Sell in May and Go Away?
  • 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
  • Blog Post: Day 43 of $QQQ short term up-trend; “Come Back at Halloween.” Barring bad inflation news Friday, my indicators suggest a continuing up-trend, see weekly chart and explanation.
  • Blog Post: Day 42 of $QQQ short term up-trend; $AAPL has failed GLB, earnings next week, be careful of failed setups.
  • Blog Post: Day 40 of $QQQ short term up-trend; Up-trend continues, GMI=6 and $AAPL has a GLB after a Blue Dot of Happiness signal, see daily chart.
  • Blog Post: Day 39 of $QQQ short term up-trend; Much weakness on Friday: more new lows than highs and only 8 at ATH, lowest since April 24! Another possible head and shoulder’s top forming, see daily chart. GMI=4 but Green, see table.
  • Blog Post: Day 38 of $QQQ short term up-trend; Banks and NYSE stocks are cratering and GLD keeps rising; something bad may be about to happen, reminds me of 2008, see charts.

Blogroll

  • Barchart All-Time Highs
  • Blue Collar Investor
  • CNNMoney: Pre-market Futures
  • Dark Liquidity
  • Seeking Alpha
  • Stock Chartist

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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