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18th day of $QQQ short term up-trend; $QQQ up against Bollinger pinch

Monday, August 7, 2017 @ 9:30 pm by Dr. Wish
GMI5/6
GMI-27/9
T210852%

Will QQQ break through upper 15.2 daily Bollinger Band?

 

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16th day of $QQQ short term up-trend; earnings rally almost over

Thursday, August 3, 2017 @ 8:21 pm by Dr. Wish
GMI5/6
GMI-24/9
T210849%

More new lows than new highs on Thursday. GMI-2 falls to 4.

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15th day of $QQQ short erm up-trend; troops not following leaders

Wednesday, August 2, 2017 @ 11:14 pm by Dr. Wish
GMI5/6
GMI-26/9
T210854%

Only 28% of U.S. stocks rose on Wednesday and there were 117 new lows, the most since June 21st. The indexes are masking the weakness in most stocks. After earnings what will propel stocks higher? My trading account is in cash.

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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$191.68273.35%
SFM1/29/24$49.45$111.55125.58%
CRS4/23/24$79.66$238.12198.92%
AGX9/6/24$76.70$296.39286.43%
BKNG9/16/24$3,918.00$4,952.3126.40%
APP9/17/24$116.09$605.68421.73%
DUOL9/18/24$245.87$330.5634.45%
EAT10/1/24$78.33$128.2863.77%
NFLX10/18/24$700.99$1,183.5968.85%
LRN10/23/24$69.70$140.68101.84%
PLTR11/5/24$44.91$178.12296.62%
SPOT11/6/24$387.44$664.4671.50%
CRWD4/24/25$398.33$482.2321.06%
CLS5/1/25$87.00$279.86221.68%
RGC5/1/25$1.55$17.951058.06%
CCJ6/9/25$62.55$91.1345.69%
SEZL5/9/25$79.59$74.90-5.89%
CRWV5/14/25$64.62$141.74119.34%
GEV5/20/25$447.50$602.0034.53%
NVDA6/3/25$140.76$181.8129.16%
MIRM8/7/2025$54.23$74.4237.23%
CCJ6/9/25$62.55$91.1345.69%
ORCL6/12/25$198.31$313.0057.83%
QBTS5/20/25$13.23$40.46205.82%
IONQ9/12/25$54.74$65.5919.82%
HOOD6/30/25$85.60$131.4453.55%
IREN9/9/2025$28.25$61.83118.87%

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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
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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 38 of $QQQ short term up-trend; Banks and NYSE stocks are cratering and GLD keeps rising; something bad may be about to happen, reminds me of 2008, see charts.
  • Blog Post: Day 37 of $QQQ short term up-trend; Check out this amazing daily chart showing how $GLD has closed above its 5 EMA every day but one since August 22! See also $IREN, and how I trade this pattern.
  • Blog Post: Day 35 of $QQQ short term up-trend; $QQQ has a blue dot (oversold bounce), GMI back to 5 (of 6).
  • Blog Post: Day 34 of $QQQ short term up-trend, it could end on Monday; GMI= 4 and still Green; Will indexes hold on Monday?
  • Blog Post: Day 32 of $QQQ short term up-trend; 176 US new highs, 58 lows and 68 ATHs; This daily modified Guppy chart shows $QQQ in a solid RWB up-trend.

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  • CNNMoney: Pre-market Futures
  • Dark Liquidity
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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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