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New QQQ short term down-trend; IBD says “market in correction”

Friday, November 18, 2011Thursday, November 17, 2011 @ 7:00 am by Dr. Wish
GMI1/6
GMI-21/9
T210858%

The GMI and GMI2 each skidded down to 1.   I am going to cash in my trading accounts.   My longer term money in my university pension remains in mutual funds–for now.

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QQQ short term up-trend in jeopardy

Thursday, November 17, 2011Wednesday, November 16, 2011 @ 7:00 am by Dr. Wish
GMI5/6
GMI-23/9
T210871%

Another down or flat day in the QQQ would begin a new short term down-trend; reducing exposure and getting defensive.

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26th day of QQQ short term up-trend; CVLT breaks out

Wednesday, November 16, 2011Tuesday, November 15, 2011 @ 7:00 am by Dr. Wish
GMI4/6
GMI-24/9
T210877%

14 stocks at new highs and with good earnings:

HITK,ASPS,MANH,PETM,DCI,NSR,CVLT,QCOR,MA,ISRG,FAST,LANC,CASY,GR

Check out this monthly chart of CVLT and note that it is breaking out from a four month consolidation.

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Current GMI Signal

GREEN

since close on APR 10, 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$89.05335.67%
SFM1/29/24$49.45$80.8063.40%
CRS4/23/24$79.66$422.22430.03%
AGX9/6/24$76.70$702.79816.28%
SATS8/26/25$50.21$120.28139.55%
APP9/17/24$116.09$471.96306.55%
EAT10/1/24$78.33$143.3583.01%
PLTR11/5/24$44.91$146.77226.81%
ALMS1/6/26$13.53$25.2086.25%
BE8/22/25$44.95$283.88531.55%
CLS5/1/25$87.00$417.64380.05%
RGC5/1/25$1.55$27.941702.58%
CCJ6/9/25$62.55$118.6989.75%
RHLD8/12/25$54.05$133.91147.75%
GEV5/20/25$447.50$1,077.75140.84%
CLS6/25/25$144.27$417.64189.48%
MIRM8/7/2025$54.23$108.3999.87%
CCJ6/9/25$62.55$118.6989.75%
WDC9/4/25$86.66$441.56409.53%
SNDK9/4/25$58.36$1,234.492015.30%
STX6/3/2025$117.67$734.40524.12%
TTMI6/3/25$30.41$154.35407.56%
MU9/29/25$157.54$578.17267.00%
INBX7/8/25$18.95$131.40593.40%
SPHR9/11/25$56.08$140.28150.14%
FIX7/24/25$553.09$1,886.10241.01%

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  • About the General Market Index (GMI)
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  • 6th day of $QQQ short term down-trend; GMI could signal a Buy
  • 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 Post: Day 17 of $QQQ short term up-trend; INTC has successful GLB while NVDA has a failed GLB, see daily charts; chart of NBIS looks promising.
  • Blog Post: Day 15 of $QQQ short term up-trend; INTC has massive post-earnings gap up and GLB; it broke its ATH set in 2000, see daily and yearly charts.
  • Blog Post: Day 13 of $QQQ short term up-trend; NVDA has GLB, see modified daily Guppy chart and RWB up-trend. Learn about RWB in last week’s MoneyShow speech on this blog’s Webinars tab.
  • Blog Post: Day 12 of $QQQ short term up-trend; AMZN had a GLB on Friday, see charts; The link to last week’s MoneyShow presentation is on this blog’s webinar tab. Sign up there for my TraderLion MasterClass.
  • Blog Post: Day 11 of $QQQ short term up-trend; 19 of 109 stocks reaching an ATH on Thursday were in the semiconductor business. Perhaps that is why SOXL is up 135% since 3/31. It also had a GLB.

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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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