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4th day of $QQQ short term down-trend but $QQQ retakes 10 week average; $GRVY and $SAIL holding GLB

Tuesday, September 15, 2020 @ 9:20 am by Dr. Wish
GMI2/6
GMI-23/9
T210849%

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GMI turns Red; $QQQ closes below 10 week average

Monday, September 14, 2020 @ 7:34 am by Dr. Wish
GMI1/6
GMI-22/9
T210840%

After 21 straight weeks above, the QQQ has now closed below its critical 10 week average (blue dotted line). Note the above average volume the past 2 weeks of declines.

 

And the GMI has turned Red. I am holding a small position in SQQQ.

 

 

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2nd day of $QQQ short term down-trend; GMI=1, could flash Red signal by Friday’s close

Thursday, September 10, 2020 @ 7:05 pm by Dr. Wish
GMI1/6
GMI-23/9
T210842%

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Current GMI Signal

GREEN

since close on Dec 1, 2025

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$210.10309.23%
SFM1/29/24$49.45$66.7134.90%
CRS4/23/24$79.66$345.74334.02%
AGX9/6/24$76.70$350.00356.32%
BKNG9/16/24$3,918.00$4,487.3014.53%
APP9/17/24$116.09$369.94218.67%
EAT10/1/24$78.33$160.48104.88%
PLTR11/5/24$44.91$130.49190.56%
SPOT11/6/24$387.44$412.476.46%
CRWD4/24/25$398.33$396.38-0.49%
CLS5/1/25$87.00$293.50237.36%
RGC5/1/25$1.55$25.631553.55%
CCJ6/9/25$62.55$109.6475.28%
CRWV5/14/25$64.62$77.0719.27%
GEV5/20/25$447.50$732.6863.73%
NVDA6/3/25$140.76$173.1623.02%
MIRM8/7/2025$54.23$100.2184.79%
CCJ6/9/25$62.55$109.6475.28%
QBTS5/20/25$13.23$17.7233.94%
HOOD6/30/25$85.60$74.10-13.43%
IREN9/9/2025$28.25$40.9544.96%

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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
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  • 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 1 of $QQQ short term down-trend, BUT 436 new US highs and 112 ATHs; While $SPY and $QQQ weaken, the equal weighted S&P500 ($RSP) hits ATH, see weekly chart! Tech stock weakness is masking the strength in other stocks! Follow the other strong stocks.
  • Blog Post: Day 8 of $QQQ short term up-trend, could turn down Tuesday; The extreme diverse trends and volatility are very troubling. $GLD has another oversold bounce, see daily chart. Will this one work again?
  • Blog post: Day 7 of $QQQ short term up-trend; Up-trends are holding for now; After forming a few blue dots, $VIK closed Monday at an ATH! See the daily and monthly charts. Boomers are cruising!
  • Blog Post Day 6 of $QQQ short term up-trend; But this market is sending out warning signals. Too many investment advisors are bullish and there are too many air pockets in leading stocks. $MSFT has entered a Stage 4 down-trend, see weekly chart. The GMI= 4 and still on a GREEN signal. I will post when/if my major trend indicators turn down.
  • Blog Post: Day 3 of $QQQ short term up-trend; $GLD risng as US dollar ($UUP) remains in a swooning BWR down-trend and $GLD is in an RWB up-trend, see daily adapted Guppy charts. Fed to lower rates? Buying a little TQQQ.

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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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