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24th day of QQQ short term up-trend

Friday, August 31, 2012Thursday, August 30, 2012 @ 7:00 am by Dr. Wish
GMI4/6
GMI-24/9
T210864%

GMI and GMI2 have each declined to 4 (of 6). I have been raising stops and reducing exposure.   I am wary of September, the weakest month.

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23rd day of QQQ short term up-trend

Thursday, August 30, 2012Wednesday, August 29, 2012 @ 7:00 am by Dr. Wish
GMI6/6
GMI-26/9
T210868%

The following 11 stocks came up in my new high + good fundamentals scan:   SHW,DDS,CNQR,TFM,VAL,CYBX,TJX,SXL,SCBT,FRAN,ANN. Check them out for possible winners.

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22nd day of QQQ short term up-trend

Wednesday, August 29, 2012Tuesday, August 28, 2012 @ 7:00 am by Dr. Wish
GMI5/6
GMI-26/9
T210868%

Market remains in up-trend.

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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$252.21391.25%
SFM1/29/24$49.45$67.6336.76%
CRS4/23/24$79.66$375.12370.90%
AGX9/6/24$76.70$410.35435.01%
BKNG9/16/24$3,918.00$4,145.455.81%
APP9/17/24$116.09$376.76224.54%
EAT10/1/24$78.33$163.40108.60%
PLTR11/5/24$44.91$132.70195.48%
SPOT11/6/24$387.44$464.4019.86%
CRWD4/24/25$398.33$413.233.74%
CLS5/1/25$87.00$287.74230.74%
RGC5/1/25$1.55$31.051903.23%
CCJ6/9/25$62.55$113.1080.82%
CRWV5/14/25$64.62$90.2839.71%
GEV5/20/25$447.50$819.7183.18%
NVDA6/3/25$140.76$185.2831.63%
MIRM8/7/2025$54.23$103.1390.17%
CCJ6/9/25$62.55$113.1080.82%
QBTS5/20/25$13.23$18.4939.76%
HOOD6/30/25$85.60$75.47-11.83%
IREN9/9/2025$28.25$41.4146.58%

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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: Day 8 of $QQQ short term down-trend; Utilities had most ATHs (13, see list), followed by Oil&Gas (10)! Rotation away from tech and growth to energy! $QQQ is back to where it was last October, on Green Line top and 30 week average! See weekly chart.
  • Blog Post: Day 7 of $QQQ short term down-trend; GMI =2, could turn RED Friday; $QQQ enters daily BWR down-trend, see modified Guppy chart; cash is king!
  • Blog Post: Day 5 of $QQQ short term down-trend; $XOM stands out as a climbing rocket, see daily chart and details.
  • Very strange readings: GMI=4 but GMI2=1, see Table! Stocks not in QQQ are doing well but tech growth stocks are weaker. $QQQ had a Blue Dot of Happiness oversold bounce on Friday. Such divergence before. Time will tell how this will be resolved.
  • Blog Post: Day 1 of $QQQ short term down-trend, BUT 436 new US highs and 112 ATHs; While $SPY and $QQQ weaken, the equal weighted S&P500 ($RSP) hits ATH, see weekly chart! Tech stock weakness is masking the strength in other stocks! Follow the other strong stocks.

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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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