General Market Index (GMI) table

These are some stocks that had a GLB (green line break-out) and kept rising. While not all GLBs are successful, one can buy a GLB immediately and sell if the stock CLOSES back below the green line. That is how to limit losses. Green lines are drawn on a monthly chart at an ATH that is not surpassed for at least 3 months. When the stock then goes to a new ATH, especially on increased trading volume, that is when I like to buy. Below is a list of some successful GLBs in 2025, showing the green line value and last Friday’s close and % increase. After that is a chart of SOFI which had a GLB last Friday, although there was not a large increase in trading volume. SOFI has an IBD COMP rating=99. Check it out.

Here are the monthly and daily charts of SOFI. Green line is at $28.26.

The GMI=6 (of 6).

IREN has high volume advances and is trending with its 5 EMA. It is almost 5x its price a year ago. It has strong fundamentals, check it out. Below are its daily and monthly charts. It must not CLOSE below green line @28.25.

My indictors in the GMI table below are all positive. But why are so many of my setups failing and why is this market so difficult. I think Darvas once said they shoot the generals first and then get around to killing the rest of the stocks. When NVDA and PLTR report good earnings and decline, it makes me worried. Then when I look at the chart of MSFT I see more weakness. AMZN, TSLA and AAPL have failed GLBs. But GOOGL had a recent successful GLB. The economic news is horrible and we have a looming government shutdown at the end of the month. If the Fed reduces rates, it could be seen as confirmation of a weak economy. And then GLD is climbing to the heavens, evidence that people are scared. So what to do? Follow the indicators or just lay low? Look at this daily chart of QQQ. QQQ hit a wall at the upper 15.2 daily Bollinger Band (BB) on Friday.  The red dots on this chart mark days when the index bounced down off of the top BB. Will QQQ break through this week? If it does, this market is likely going higher. But note that the upper BB is declining.

Check out the strong GMI stats. Go figure.