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Day 1 of new $QQQ short term up-trend! Beginning of daily RWB up-trend for $QQQ

Thursday, October 8, 2020 @ 9:39 pm by Dr. Wish
GMI6/6
GMI-26/9
T210861%

QQQ closed (dotted line) above all 12 averages and is leading the shorter term averages (red) above the longer term averages (blue) so there is white space between them= RWB up-trend. $DIA and $SPY have similar patterns.

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$TENB has GLB and Weekly Green Bar (WGB), turning profitable in 2020.

Wednesday, October 7, 2020 @ 11:19 pm by Dr. Wish
GMI5/6
GMI-25/9
T210853%

Weekly Green Bar (WGB):  4wk>10wk>30wk and bounces above 4 week average (red dotted line) and closing higher than prior week.

Monthly chart shows TENB is a recent IPO (2018). It is a turnaround, estimated to be profitable in 2020 with an IBD composite rating=95.

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GMI turns Green but $QQQ short term trend remains down (D-18)

Wednesday, October 7, 2020 @ 8:08 am by Dr. Wish
GMI4/6
GMI-23/9
T210846%

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Current GMI Signal

GREEN

since close on APR 10, 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$84.30312.43%
SFM1/29/24$49.45$89.2680.51%
CRS4/23/24$79.66$586.39636.12%
AGX9/6/24$76.70$705.87820.30%
SATS8/26/25$50.21$0.20-99.60%
APP9/17/24$116.09$526.75353.74%
EAT10/1/24$78.33$177.23126.26%
PLTR11/5/24$44.91$130.95191.58%
ALMS1/6/26$13.53$26.0892.76%
BE8/22/25$44.95$262.72484.47%
CLS5/1/25$87.00$332.31281.97%
RGC5/1/25$1.55$6.39312.26%
CCJ6/9/25$62.55$95.4952.66%
RHLD8/12/25$54.05$145.53169.25%
GEV5/20/25$447.50$1,107.06147.39%
CLS6/25/25$144.27$332.31130.34%
MIRM8/7/2025$54.23$123.58127.88%
CCJ6/9/25$62.55$95.4952.66%
WDC9/4/25$86.66$534.02516.22%
SNDK9/4/25$58.36$1,739.422880.50%
STX6/3/2025$117.67$805.26584.34%
TTMI6/3/25$30.41$153.24403.91%
MU9/29/25$157.54$974.03518.27%
INBX7/8/25$18.95$94.40398.15%
SPHR9/11/25$56.08$163.28191.16%
FIX7/24/25$553.09$1,739.65214.53%

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  • About the General Market Index (GMI)
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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: Of the 146 stocks at ATHs on Wednesday, more than one half were banks! 376 US stocks hit 52 week highs, the most since February 6! See daily chart of Regional Banking ETF.
  • Blog: Day 1 of a new $QQQ short term up-trend; all GMI components are positive; QQQ and SPY retake their 10 week averages! See weekly chart of QQQ and my analysis.
  • Blog: Day 3 of $QQQ short term down-trend; QQQ and SPY are now below their 10 week averages; MAG 7 ETF in daily BWR down-trend, see chart and GLD’s blue dot bounce.
  • Blog: Day 2 of new $QQQ short term down-trend; A lot of key stocks are technically weak. Look at daily Guppy chart since June. Will stocks resume up-trend with 2nd Quarter earnings?
  • Blog: Day 7 of $QQQ short term up-trend, it may end Wednesday, but longer term trend remains up, see chart.

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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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