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Blog Post: Day 20 of $QQQ short term down-trend, it may end Friday! If there is a new short term up-trend and it lasts, this time I will accumulate $TQQQ. If interest rates decline it will cause a stampede back into stocks by persons who have been hibernating in high interest savings accounts and treasuries. There may not be a chance to get in at lower levels. My blog: https://www.wishingwealthblog.com/

Thursday, August 15, 2024 @ 11:20 pm by Dr. Wish
GMI3/6
GMI-26/9
T210851%

Note that  the MACD histogram has turned blue (positive).

3 Comments

Blog Post: Day 18 of $QQQ short term down-trend; $QQQ still in a BWR daily down-trend, see chart.

Tuesday, August 13, 2024 @ 10:57 pm by Dr. Wish
GMI1/6
GMI-25/9
T210844%

QQQ  still closed (dotted line) below all blue averages. The next few days should tell us whether an up-trend materializes or the decline resumes.

Screenshot
1 Comment

Blog Post: Day 13 of $QQQ short term down-trend; I found only 5 stocks on my growth watchlist of 300+ stocks that had perfect daily and weekly RWB patterns. The list below is worth investigating.

Wednesday, August 7, 2024 @ 12:18 pm by Dr. Wish
GMI0/6
GMI-21/9
T210836%

These stocks also had a recent GLB to an ATH and are up at least 50% in the past year. When the market falters, it is easier to see the potential leaders.

Screenshot

 

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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$80.88295.69%
SFM1/29/24$49.45$78.8059.35%
CRS4/23/24$79.66$532.40568.34%
AGX9/6/24$76.70$492.33541.89%
BTSG9/9/25$25.57$69.93173.48%
APP9/17/24$116.09$398.82243.54%
EAT10/1/24$78.33$207.10164.39%
PLTR11/5/24$44.91$123.08174.06%
ALMS1/6/26$13.53$26.3995.05%
BE8/22/25$44.95$164.99267.05%
CLS5/1/25$87.00$328.04277.06%
RGC5/1/25$1.55$5.59260.65%
CCJ6/9/25$62.55$84.4835.06%
RHLD8/12/25$54.05$123.76128.97%
GEV5/20/25$447.50$903.99102.01%
CLS6/25/25$144.27$328.04127.38%
MIRM8/7/2025$54.23$107.3297.90%
CCJ6/9/25$62.55$84.4835.06%
WDC9/4/25$86.66$465.89437.61%
SNDK9/4/25$58.36$1,010.151630.89%
STX6/3/2025$117.67$775.00558.62%
TTMI6/3/25$30.41$101.24232.92%
MU9/29/25$157.54$744.43372.53%
INBX7/8/25$18.95$79.51319.58%
SPHR9/11/25$56.08$139.14148.11%
FIX7/24/25$553.09$1,516.37174.16%
MU9/25/25$157.54$744.43372.53%

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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
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  • In the hospital. Will resume posting next week. Thank you for your patience.
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  • 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: $IMAX had a high volume GLB (green line breakout) on July 23rd when they reported earnings, and closed Tuesday at an ATH. Homer would be proud, and rich……
  • Blog: Modified Daily Guppy chart shows the current trend for $QQQ. QQQ is very oversold with Friday’s SFS (super fast stochastic) below 10. So QQQ may bounce this week. GMI remains RED, however. See Guppy charts for QQQ, AAPL, JNJ and the GMI table.
  • 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.

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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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