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Blog post: 18th day of $QQQ short term up-trend; $AOUT surging after re-test of GLB, and green and black dots

Monday, June 21, 2021 @ 11:09 pm by Dr. Wish
GMI5/6
GMI-27/9
T210846%

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GMI declines to 3 (of 6) but still 17th day of $QQQ short term up-trend; SPY closes below 10 week average and daily RWB gone; $GNRC has GLB, $ASAN had GLB 2 wks ago

Sunday, June 20, 2021 @ 11:17 pm by Dr. Wish
GMI3/6
GMI-27/9
T210837%

QQQ is till in a daily RWB up-trend.

 

But SPY’s daily RWB  is about over.

GNRC had a GLB (green line break-out to ATH) last week on above average volume, see weekly chart. It can move up with hurricane season.

ASAN had a GLB 2 weeks ago.

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Here is the link to my 2.5 hour presentation to Long Island StockTraders Meetup Group: https://drive.google.com/file/d/1M3nT4sAD1eRbVdJ0TBChPq1Y8adcmYKr/view?usp=sharing

Friday, June 18, 2021Friday, June 18, 2021 @ 9:40 am by Dr. Wish
GMI6/6
GMI-27/9
T210847%

https://drive.google.com/file/d/1M3nT4sAD1eRbVdJ0TBChPq1Y8adcmYKr/view?usp=sharing

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Current GMI Signal

RED

since close on JUL 20, 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$81.02296.38%
SFM1/29/24$49.45$79.1660.08%
CRS4/23/24$79.66$530.62566.11%
AGX9/6/24$76.70$492.35541.92%
BTSG9/9/25$25.57$69.37171.29%
APP9/17/24$116.09$399.46244.10%
EAT10/1/24$78.33$205.73162.65%
PLTR11/5/24$44.91$123.00173.88%
ALMS1/6/26$13.53$26.3894.97%
BE8/22/25$44.95$163.75264.29%
CLS5/1/25$87.00$328.43277.51%
RGC5/1/25$1.55$5.65264.52%
CCJ6/9/25$62.55$84.5735.20%
RHLD8/12/25$54.05$126.93134.84%
GEV5/20/25$447.50$900.28101.18%
CLS6/25/25$144.27$328.43127.65%
MIRM8/7/2025$54.23$107.5798.36%
CCJ6/9/25$62.55$84.5735.20%
WDC9/4/25$86.66$462.04433.16%
SNDK9/4/25$58.36$1,015.891640.73%
STX6/3/2025$117.67$764.43549.64%
TTMI6/3/25$30.41$101.77234.66%
MU9/29/25$157.54$739.00369.09%
INBX7/8/25$18.95$79.25318.21%
SPHR9/11/25$56.08$140.17149.95%
FIX7/24/25$553.09$1,519.96174.81%
MU9/25/25$157.54$739.00369.09%

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  • Blog: Day 18 of $QQQ short term down-trend; If I had bought SQQQ on Day 1 of the down-trend, I would be sitting on a gain of +29%. See the daily chart of SQQQ.
  • Blog: $IMAX had a high volume GLB (green line breakout) on July 23rd when they reported earnings, and closed Tuesday at an ATH. Homer would be proud, and rich……
  • Blog: Modified Daily Guppy chart shows the current trend for $QQQ. QQQ is very oversold with Friday’s SFS (super fast stochastic) below 10. So QQQ may bounce this week. GMI remains RED, however. See Guppy charts for QQQ, AAPL, JNJ and the GMI table.
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  • Blog: Day 13 of $QQQ short term down-trend; TESLA and GOOGL had BWR down-trends in their daily modified Guppy charts and swooned tonight. A BWR down-trend may predict bad earnings news. See their charts and NFLX.

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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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