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12th day of $QQQ short term up-trend; $PTLA breaks out

Wednesday, May 27, 2015 @ 11:24 pm by Dr. Wish
GMI6/6
GMI-27/9
T210845%

What an incredible day!   The types of stocks I trade are booming. Check out FOMX, AMBA, NXPI, PTLA, BLUE, REGN, AHS, to name a few. Those of you who receive my TC2000 email alerts would have received one on   PTLA on Tuesday,   before its advance on Wednesday. Judy has been talking to me about PTLA for months.

PTLA05272015

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11th day of $QQQ short term up-trend; $FOMX and $AMBA buck down-trend

Tuesday, May 26, 2015 @ 8:58 pm by Dr. Wish
GMI5/6
GMI-24/9
T210839%

When the market has a weak day, it is important to find the stocks that resist the decline. For example, the recent green line break-out stock FOMX, which I have been following,   rose on Tuesday. This is a significant sign of relative strength.

FOMX05262015AMBA also rose.

AMBA05262015

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9th day of $QQQ short term up-trend; $NXPI breaking out?

Friday, May 22, 2015Friday, May 22, 2015 @ 7:10 am by Dr. Wish
GMI6/6
GMI-28/9
T210853%

I watch NXPI because my stock buddy, Judy, likes the concept.   It could be breaking out of a cup and handle base if it holds Thursday’s lows. (I own it.)

NXPI05212015

NXPI is above its green line break-out (all-time high) and has a strong RWB pattern.

NXPIGMMA05212015

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Current GMI Signal

RED

since close on JUL 20, 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.

Sym.DateGLB $Now $Chg.
ENLT6/18/25$20.44$90.20341.29%
SFM1/29/24$49.45$73.4948.61%
CRS4/23/24$79.66$601.54655.13%
AGX9/6/24$76.70$602.30685.27%
SATS8/26/25$50.21$0.20-99.60%
APP9/17/24$116.09$398.86243.58%
EAT10/1/24$78.33$185.00136.18%
PLTR11/5/24$44.91$123.37174.70%
ALMS1/6/26$13.53$28.30109.16%
BE8/22/25$44.95$217.30383.43%
CLS5/1/25$87.00$334.75284.77%
RGC5/1/25$1.55$5.62262.58%
CCJ6/9/25$62.55$89.3342.81%
RHLD8/12/25$54.05$131.67143.61%
GEV5/20/25$447.50$1,031.19130.43%
CLS6/25/25$144.27$334.75132.03%
MIRM8/7/2025$54.23$114.36110.88%
CCJ6/9/25$62.55$89.3342.81%
WDC9/4/25$86.66$558.30544.24%
SNDK9/4/25$58.36$1,610.332659.30%
STX6/3/2025$117.67$913.36676.20%
TTMI6/3/25$30.41$144.85376.32%
MU9/29/25$157.54$990.21528.55%
INBX7/8/25$18.95$85.00348.55%
SPHR9/11/25$56.08$133.31137.71%
FIX7/24/25$553.09$1,831.15231.08%

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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
  • Blog: Day 14 of $QQQ short term down-trend; UGA, the U.S. gasoline fund had an ATH today and a GLB last March. See weekly and monthly charts.
  • Blog: Day 13 of $QQQ short term down-trend; TESLA and GOOGL had BWR down-trends in their daily modified Guppy charts and swooned tonight. A BWR down-trend may predict bad earnings news. See their charts and NFLX.
  • Blog: Day 12 of $QQQ short term down-trend; there was a blue dot oversold bounce on Friday setting up the recent rally, see daily chart; the GMI flashes RED.
  • Blog: Day 11 of $QQQ short term down-trend; GMI=1 and could flash Red Tuesday. This modified daily Guppy chart clearly contrasts the current market environment with that during the wonderful May rally. I am mainly in cash in my trading accounts.
  • Blog: Day 10 of $QQQ short term down-trend; as expected, QQQ found support at lower 15.2 daily Bollinger Band; See how modified daily Guppy chart would have gotten you out of NFLX well before its post-earnings swoon last week. GMI=3

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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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