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Blog post: Day 53 of $QQQ short term up-trend; With hurricane season upon us, monitoring $GNRC

Wednesday, August 11, 2021 @ 9:11 am by Dr. Wish
GMI6/6
GMI-25/9
T210843%

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Blog post: 52nd day of $QQQ short term up-trend; I tweeted $IBB retakes green line; $GLD extends Stage IV down-trend

Monday, August 9, 2021 @ 8:05 pm by Dr. Wish
GMI6/6
GMI-26/9
T210841%

Follow my tweets @wishingwealth— I sometimes tweet GLBs like this during the trading day.

This weekly chart shows a major Weinstein Stage IV down-trend in GLD. Note the failed GLB a year ago.

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Blog post: 51st day of $QQQ short term up-trend; $GS has weekly green bar (WGB); GMI = 6 (of 6)

Sunday, August 8, 2021 @ 10:18 pm by Dr. Wish
GMI6/6
GMI-27/9
T210843%

GS had a strong week and closed near its weekly high and at a n ATH. WGB occurs when it retakes its 4 wk average and 4wk>10wk>30wk..

 

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Current GMI Signal

RED

since close on OCT 19, 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.
SFM1/29/24$49.45$51.383.90%
CRS4/23/24$79.66$299.55276.04%
AGX9/6/24$76.70$315.34311.13%
APP9/17/24$116.09$393.68239.12%
EAT10/1/24$78.33$197.61152.28%
PLTR11/5/24$44.91$171.58282.05%
CLS5/1/25$87.00$254.03191.99%
RGC5/1/25$1.55$5.13230.97%
GEV5/20/25$447.50$818.4982.90%
STX6/3/2025$117.67$545.14363.28%
TTMI6/3/25$30.41$76.28150.84%
CCJ6/9/25$62.55$71.7814.76%
ENLT6/18/25$20.44$67.27229.11%
CLS6/25/25$144.27$254.0376.08%
VIK6/30/25$53.14$88.8867.26%
INBX7/8/25$18.95$87.75363.06%
FIX7/24/25$553.09$1,128.09103.96%
MIRM8/7/2025$54.23$93.3372.10%
RHLD8/12/25$54.05$155.95188.53%
BE8/22/25$44.95$201.93349.23%
WDC9/4/25$86.66$311.21259.12%
SNDK9/4/25$58.36$937.461506.34%
BTSG9/9/25$25.57$71.45179.43%
SPHR9/11/25$56.08$123.66120.51%
MU9/25/25$157.54$798.44406.82%
MU9/29/25$157.54$798.44406.82%
INSW3/16/26$65.94$104.6558.70%

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  • Day 17 of $QQQ short term down-trend; Weekly chart of QQQ is very ominous. SPY and QQQ are in daily BWR down-trends. GMI=0. Cash remains king.
  • Day 12 of $QQQ short term down-trend; GMI=2 and RED; QQQ is now below its critical 30 week average, see weekly chart.
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  • Day 7 of $QQQ short term down-trend; 36 ATHs, 11 banks and 7 oil & gas. QQQ is sitting on its 30 wk average, see weekly chart. GMI=2 and RED;

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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