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GMI turns Green; $QQQ short term trend is up

Wednesday, April 18, 2018 @ 10:08 pm by Dr. Wish
GMI6/6
GMI-27/9
T210865%

I only trust trend changes if they last for 5 days.

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GMI may go Green on Wednesday

Tuesday, April 17, 2018 @ 9:33 pm by Dr. Wish
GMI4/6
GMI-27/9
T210862%

QQQ short term down-trend may also end at Wednesday’s close.

2 Comments

16th day of $QQQ short term down-trend

Monday, April 16, 2018 @ 9:37 pm by Dr. Wish
GMI3/6
GMI-25/9
T210856%
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Current GMI Signal

RED

since close on SEP 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.

Green Line Breakout stocks
Sym.DateGLB $Now $Chg.
ENLT6/18/25$20.44$73.28258.51%
SFM1/29/24$49.45$73.5148.66%
CRS4/23/24$79.66$428.00437.28%
AGX9/6/24$76.70$394.18413.92%
BTSG9/9/25$25.57$59.80133.87%
APP9/17/24$116.09$324.97179.93%
EAT10/1/24$78.33$215.04174.53%
PLTR11/5/24$44.91$167.99274.06%
ALMS1/6/26$13.53$9.30-31.26%
BE8/22/25$44.95$258.69475.51%
CLS5/1/25$87.00$322.13270.26%
RGC5/1/25$1.55$5.79273.55%
CCJ6/9/25$62.55$92.3247.59%
RHLD8/12/25$54.05$130.65141.72%
GEV5/20/25$447.50$889.1998.70%
CLS6/25/25$144.27$322.13123.28%
MIRM8/7/2025$54.23$98.9282.41%
CCJ6/9/25$62.55$92.3247.59%
WDC9/4/25$86.66$429.47395.58%
SNDK9/4/25$58.36$1,552.072559.48%
STX6/3/2025$117.67$801.52581.16%
TTMI6/3/25$30.41$119.79293.92%
MU9/29/25$157.54$916.52481.77%
INBX7/8/25$18.95$106.52462.11%
SPHR9/11/25$56.08$144.46157.60%
FIX7/24/25$553.09$1,603.02189.83%
MU9/25/25$157.54$916.52481.77%
VIK6/30/25$53.14$85.3260.56%

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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
  • 6th day of $QQQ short term down-trend; GMI could signal a Buy
  • The new 3x ETF’s–triple your pleasure — or pain
  • In the hospital. Will resume posting next week. Thank you for your patience.
  • How I use put options as investment insurance
  • My first YouTube Vlog (video blog) Post: Sell in May and Go Away?
  • 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
  • GMI=1 and RED; Day 1 of $QQQ short term down-trend; 3 days in a row with more yearly lows than highs; only 21 stocks reached ATHs on Friday, QQQ now closed below 4wk avg. Be very careful.
  • GMI turns RED; More yearly new lows than highs and only 19 of 6,556 stocks traded at an ATH, OIL & GAS (14) and Shipping & Ports (2) had the most, see list. Be careful!
  • An invaluable post to study: The table below shows how the 6 stocks I posted about on 8/17 have performed since then. One half are up 11% to 14% and half are down 1% to 5%. I explain how I found them among stocks hitting ATHs and why buying stocks at ATHs can be a winning trading strategy. Note: GMI=2
  • Blog: Day 24 of $QQQ short term up-trend; once again, Oil & Gas (7) and Shipping & Ports (4) Industries had the most stocks reaching an ATH on Tuesday, see list.
  • Blog: Day 23 of $QQQ short term up-trend; GMI remains Green, see table.

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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