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13th day of $QQQ short term up-trend; $PCMI RWBCount=12, BOS and cup with handle

Tuesday, December 27, 2016 @ 10:02 pm by Dr. Wish
GMI6/6
GMI-27/9
T210872%

PCMI has an RWBCount=12 (see yesterday’s post for a definition) and has bounced off of support (BOS). And better still, it has retested its recent GLB and may have formed a cup with handle break-out on Tuesday. The volume was a little above average. Let’s see if it can hold on Wednesday.

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11th day of $QQQ short term up-trend and RWB; Happy Holidays to all

Friday, December 23, 2016 @ 7:29 am by Dr. Wish
GMI5/6
GMI-27/9
T210871%

The QQQ remains in an RWB up-trend and has closed (dotted line) above all 12 moving averages. Note this is a weekly chart with exponential moving averages. Thank you for your kind holiday wishes.

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10th day of $QQQ short term up-trend; Recent IPO $ASIX showing strength

Thursday, December 22, 2016 @ 7:27 am by Dr. Wish
GMI6/6
GMI-27/9
T210873%

While recent trading volume is unremarkable, spin-off from Honeywell, ASIX, is at an all-time high.

 

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Current GMI Signal

GREEN

since close on OCT 6, 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$66.50225.34%
SFM1/29/24$49.45$65.4632.38%
CRS4/23/24$79.66$385.84384.36%
AGX9/6/24$76.70$399.33420.64%
BTSG9/9/25$25.57$64.59152.60%
APP9/17/24$116.09$279.57140.82%
EAT10/1/24$78.33$191.15144.03%
PLTR11/5/24$44.91$199.66344.58%
INSW3/16/26$65.94$121.1783.76%
BE8/22/25$44.95$274.00509.57%
CLS5/1/25$87.00$356.60309.89%
RGC5/1/25$1.55$7.53385.81%
CCJ6/9/25$62.55$87.1739.36%
RHLD8/12/25$54.05$116.85116.19%
GEV5/20/25$447.50$985.86120.30%
CLS6/25/25$144.27$356.60147.18%
MIRM8/7/2025$54.23$86.5259.54%
CCJ6/9/25$62.55$87.1739.36%
WDC9/4/25$86.66$389.05348.94%
SNDK9/4/25$58.36$1,617.002670.73%
STX6/3/2025$117.67$774.41558.12%
TTMI6/3/25$30.41$120.84297.37%
MU9/29/25$157.54$1,038.37559.12%
INBX7/8/25$18.95$94.97401.16%
SPHR9/11/25$56.08$108.3593.21%
FIX7/24/25$553.09$1,710.00209.17%
MU9/25/25$157.54$1,038.37559.12%
VIK6/30/25$53.14$81.6953.73%

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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
  • Green Dot strategy defined
  • 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
  • Day 15 of $QQQ short term up-trend; only 17 US stocks reached an ATH on Thursday, the most (7) were oil & gas related; 6 of them have more than doubled from their lows the past year. See list.
  • Day 13 of $QQQ short term up-trend; GMI=Green; More US new yearly highs than lows 91/46. 28 at ATH, most in software (6). DELL had a nice rise on Tuesday after its recent blue dot oversold bounce, see daily chart.
  • Day 12 of $QQQ short term up-trend, GMI=5 and turns GREEN! Many stocks are breaking out and NVDA even had a GLB on Monday! TQQQ up +14% since Day 1 on 9/18. Daily modified Guppy chart shows QQQ closing above all 12 averages.
  • Day 11 of $QQQ short term up-trend, its Weekly 10.4 Stochastic= 86, a sign of a strong up-trend, see GMI table; ARW had a nice high volume GLB to an ATH, see daily chart.
  • Day 10 of $QQQ short term up-trend; My modified daily Guppy chart below warned to abandon or short NKE long before tonight’s post earnings swoon. A chart is worth………. Come to my MoneyShow online appearance on October 20.

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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