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On to the retest—26th day of $QQQ short term down-trend

Wednesday, April 1, 2020 @ 9:24 am by Dr. Wish
GMI0/6
GMI-24/9
T21085%

Will low of 3/23 hold or was the first decline just a prelude? Note that the QQQ was approaching resistance at the 30 day average (red line) and the upper daily 15.2 Bollinger band.

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$SPY, $DIA, $QQQ still in daily BWR down-trends; 25th day of $QQQ short term down-trend

Monday, March 30, 2020 @ 10:03 pm by Dr. Wish
GMI0/6
GMI-24/9
T21085%

 

 

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23rd day of $QQQ short term down-trend, still in daily BWR down-trend

Thursday, March 26, 2020 @ 9:38 pm by Dr. Wish
GMI0/6
GMI-23/9
T21084%

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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$203.30295.99%
SFM1/29/24$49.45$83.1468.13%
CRS4/23/24$79.66$305.82283.91%
AGX9/6/24$76.70$302.56294.47%
BKNG9/16/24$3,918.00$5,047.0828.82%
APP9/17/24$116.09$624.29437.76%
DUOL9/18/24$245.87$261.116.20%
EAT10/1/24$78.33$105.5734.78%
NFLX10/18/24$700.99$1,094.0256.07%
LRN10/23/24$69.70$70.721.46%
PLTR11/5/24$44.91$192.66328.99%
SPOT11/6/24$387.44$628.0262.09%
CRWD4/24/25$398.33$540.6135.72%
CLS5/1/25$87.00$340.38291.24%
RGC5/1/25$1.55$13.08743.87%
CCJ6/9/25$62.55$97.9656.61%
SEZL5/9/25$79.59$62.83-21.06%
CRWV5/14/25$64.62$118.7783.80%
GEV5/20/25$447.50$570.6027.51%
NVDA6/3/25$140.76$201.4043.08%
MIRM8/7/2025$54.23$71.5531.94%
CCJ6/9/25$62.55$97.9656.61%
ORCL6/12/25$198.31$250.7226.43%
QBTS5/20/25$13.23$31.90141.12%
IONQ9/12/25$54.74$55.661.68%
HOOD6/30/25$85.60$142.1666.07%
IREN9/9/2025$28.25$69.01144.28%

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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 Post: Day 49 of $QQQ short term up-trend; $QQQ, $DIA and $SPY remain in RWB daily up-trends, but there were many new lows last week; the GMI=4 and Green, see table.
  • Blog Post: Day 48 of $QQQ short term up-trend; Something is off: More new lows than highs, <50% of stocks advancing for days and and equal weighted market indexes are weaker than their large cap weighted indexes, masking the weakness among most stocks. $GLD oversold bounce?
  • Blog Post: Day 44 of $QQQ short term up-trend; $AAPL retakes green line, see daily chart. The GMI=6 (of 6) and Green, see Table.
  • 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.

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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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