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GMI: 6; All indexes in up-trends; Worden indicator near peak

Thursday, April 26, 2007 @ 12:01 pm by Dr. Wish

The GMI remains at the maximum of 6.  Gmi0425 All indexes in this table are in up-trends.  According to the Worden indicator, 80.21% of all stocks closed above their 40 day averages.  Market tops have tended to occur in the 82-83% area.  Should we sell in May and go away? 

See prior post for my disclaimers.

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GMI: 6

Sunday, April 22, 2007 @ 10:03 pm by Dr. Wish

The GMI remains at 6.  Gmi0420 All major indexes remain in up-trends.  The QQQQ and SPY have closed above their 10 week averages for three weeks.

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GMI: 6; But standing room only at the local traders meetup

Wednesday, April 18, 2007 @ 9:06 am by Dr. Wish

While the GMI is still at 6, the local traders’ meet-up meeting was packed.  In prior meetings of the other local IBD meet-up, when the crowds came back, we were not far from a market top.  We had standing room  only last night. Contrary indicator?

Note disclaimers at bottom of prior post.

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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$75.15267.66%
SFM1/29/24$49.45$76.1053.89%
CRS4/23/24$79.66$440.26452.67%
AGX9/6/24$76.70$596.22677.34%
SATS8/26/25$50.21$127.46153.85%
APP9/17/24$116.09$414.70257.22%
EAT10/1/24$78.33$152.3694.51%
PLTR11/5/24$44.91$133.98198.33%
ALMS1/6/26$13.53$22.4565.93%
BE8/22/25$44.95$173.52286.03%
CLS5/1/25$87.00$363.57317.90%
RGC5/1/25$1.55$31.311920.00%
CCJ6/9/25$62.55$115.5284.68%
RHLD8/12/25$54.05$156.20188.99%
GEV5/20/25$447.50$991.13121.48%
CLS6/25/25$144.27$363.57152.01%
MIRM8/7/2025$54.23$95.6476.36%
CCJ6/9/25$62.55$115.5284.68%
WDC9/4/25$86.66$348.36301.98%
SNDK9/4/25$58.36$915.251468.28%
STX6/3/2025$117.67$504.62328.84%
TTMI6/3/25$30.41$122.09301.48%
MU9/29/25$157.54$416.92164.64%
INBX7/8/25$18.95$77.72310.13%
SPHR9/11/25$56.08$128.65129.40%
FIX7/24/25$553.09$1,617.00192.36%

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  • Blog post: Day 2 of $QQQ short term up-trend; GMI turns GREEN; QQQ must hold its 30 week average @607.12; Get the link to my free virtual presentation at the MoneyShow 2026 on April 22.
  • Blog Post: Day 1 of $QQQ short term up-trend; GMI=5; 113 US stocks reached an ATH; QQQ retakes 30 week average, but must hold above it to possibly begin a Stage 2 up-trend, but we are not there yet. Also, watch the 10 week average.
  • Blog Post: Day 41 of $QQQ short term down-trend; $QQQ finishing Stage 3 and may begin Stage 4 decline; I never fight the market’s trend. Only young people can wait out a decline and recovery. I believe that Boomers belong on the sidelines, protecting their hard earned savings and investments.
  • Blog post: Day 40 of $QQQ short term down-trend; Daily modified Guppy chart told you to get out of $RH long before Wednesday’s 19% drop. All major indexes remain in BWR down-trends. See $USO RWB up-trend.
  • Blog post: Day 39 of $QQQ short term down-trend; GMI=0; $QQQ weekly chart below shows continuing significant down-trend with 4wk avg<10wk avg<30wk avg; waiting for a confirmed new up-trend.

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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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