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14th day of QQQ short term up-trend; RMD break-out

Friday, August 17, 2012Thursday, August 16, 2012 @ 7:00 am by Dr. Wish
GMI6/6
GMI-26/9
T210874%

There were 4 stocks out of the 24 that came up in my great fundamentals and new 52 week high scan that have been on one of my IBD50 or New America lists in the past:   SBS, ASH, RMD, LL.   RMD has recently broken out of a two year base. Check out this weekly chart of RMD.

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13th day of QQQ short term up-trend; LL climbs to all-time high

Thursday, August 16, 2012Wednesday, August 15, 2012 @ 7:00 am by Dr. Wish
GMI5/6
GMI-26/9
T210870%

Stocks with good earnings and hitting a new high on Wednesday:   CCI,ELLI,CNQR,LL,ASPS,TLLP,XOM,CINF,OSIS,HD,RMD,HSNI,MIC.

Check out this weekly chart of LL, which hit an all-time high on Wednesday. Click on chart to enlarge.

 

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12th day of QQQ short term up-trend

Wednesday, August 15, 2012Tuesday, August 14, 2012 @ 7:00 am by Dr. Wish
GMI5/6
GMI-26/9
T210869%

Markets remain in up-trend.

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Current GMI Signal

RED

since close on Mar 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.

Sym.DateGLB $Now $Chg.
HWM11/14/23$51.34$236.75361.14%
SFM1/29/24$49.45$82.0665.95%
CRS4/23/24$79.66$361.28353.53%
AGX9/6/24$76.70$458.31497.54%
BKNG9/16/24$3,918.00$4,241.268.25%
APP9/17/24$116.09$458.67295.10%
EAT10/1/24$78.33$144.0283.86%
PLTR11/5/24$44.91$150.95236.12%
SPOT11/6/24$387.44$516.0633.20%
CRWD4/24/25$398.33$441.7810.91%
CLS5/1/25$87.00$263.46202.83%
RGC5/1/25$1.55$23.231398.71%
CCJ6/9/25$62.55$107.9272.53%
CRWV5/14/25$64.62$81.1125.52%
GEV5/20/25$447.50$805.0279.89%
NVDA6/3/25$140.76$180.2528.05%
MIRM8/7/2025$54.23$90.6667.18%
CCJ6/9/25$62.55$107.9272.53%
QBTS5/20/25$13.23$17.5532.65%
HOOD6/30/25$85.60$73.39-14.26%
IREN9/9/2025$28.25$41.5847.19%

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  • 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 24 of $QQQ short term down-trend; $SPY and $DIA join $QQQ in daily BWR down-trends. Staying long now is fighting the market’s trend. See also what a daily RWB up-trend looked like for $QQQ that began in May, 2025. That is the pattern to be long.
  • Blog Post: GMI=0 and Flashes RED! Day 22 of $QQQ short term down-trend; My 10:30 weekly chart below shows QQQ is now below its 30 week average. Look what happened the last time it did so in March, 2025. A major decline may be just beginning. Cash is king!
  • Blog Post: Day 18 of $QQQ short term down-trend; Aerospace and Defense has most at ATH on Monday, 15 stocks. $DFEN, 3X bullish ETF for aerospace/defense, hit ATH on extremely high volume, after retesting its GLB and forming a cup and handle base, see daily chart.
  • Blog Post: Day 17 of $QQQ short term down-trend; On Friday, 60 stocks reached an ATH: Utilities (12), Gold (7), Oil & Gas (7). Was $$$ flowing into these in anticipation of an IRAN strike? Monday’s action should tell us. Fasten your seat belts….
  • Blog: Day 12 of $QQQ short term down-trend, but $QQQ held its 30 week average and Green Line; the GMI remains on a Green signal for now. See weekly chart and analysis. The GMI=4, see table.

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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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