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7th day of $QQQ short term up-trend

Tuesday, March 1, 2016 @ 10:35 pm by Dr. Wish
GMI3/6
GMI-24/9
T210871%

Holding some TQQQ, given this was the 7th day of the QQQ short term up-trend. The BWR down-trend seems to be ending. If an RWB up-trend resumes, I will be more confident of a real change in trend. It has been a long time since the T2108 was over 70.

Screen Shot 2016-03-01 at 10.31.20 PM

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6th day of $QQQ short term up-trend

Monday, February 29, 2016 @ 10:22 pm by Dr. Wish
GMI2/6
GMI-23/9
T210861%

I remain mainly in cash.  This bounce appears to be weakening.

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4th day of new $QQQ short term up-trend

Thursday, February 25, 2016 @ 10:27 pm by Dr. Wish
GMI3/6
GMI-25/9
T210854%

Things are looking up. Will post about possible leaders this weekend.

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Current GMI Signal

GREEN

since close on Dec 1, 2025

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$211.58312.12%
SFM1/29/24$49.45$75.2852.23%
CRS4/23/24$79.66$337.67323.89%
AGX9/6/24$76.70$337.33339.80%
BKNG9/16/24$3,918.00$5,461.0739.38%
APP9/17/24$116.09$632.78445.08%
EAT10/1/24$78.33$155.8198.91%
PLTR11/5/24$44.91$182.25305.81%
SPOT11/6/24$387.44$568.8446.82%
CRWD4/24/25$398.33$481.5420.89%
CLS5/1/25$87.00$307.27253.18%
RGC5/1/25$1.55$48.973059.35%
CCJ6/9/25$62.55$103.5065.47%
CRWV5/14/25$64.62$77.4719.89%
GEV5/20/25$447.50$663.6248.29%
NVDA6/3/25$140.76$188.9834.26%
MIRM8/7/2025$54.23$81.8250.88%
CCJ6/9/25$62.55$103.5065.47%
QBTS5/20/25$13.23$30.20128.27%
HOOD6/30/25$85.60$117.0736.76%
IREN9/9/2025$28.25$44.1756.35%

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  • Blog post: Day 1 of $QQQ short term up-trend; Livermore liked to buy a stock if other companies in the same industry were also showing strength; On Tuesday, 17 of 113 stocks at ATHs were from the Aerospace and Defense industries, more than any other industry, see list and 3X ETF, $DFEN.
  • Blog Post: Day 1 of $QQQ short term down-trend; GMI=2 and could turn RED on Monday. QQQ has now closed below its 10 week average, see weekly chart.
  • Blog Post: Day 7 of $QQQ short term up-trend, but it will likely end on Friday; Only 1 Nasdaq 100 stock rose on Wednesday !!!???? Long term treasury bonds, $TLT, are dropping! Setups are failing. Time for me to be on the sidelines.
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  • Blog Post: Day 1 of new $QQQ short term up-trend; see daily 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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