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Blog Post: Day 15 of $QQQ short term up-trend; $SMCI had a GLB 2 weeks ago and has been on fire, see weekly chart, added it to my Successful GLB Tracker table, up 43.7%; my online lecture is Wednesday evening

Tuesday, January 30, 2024 @ 7:29 pm by Dr. Wish
GMI6/6
GMI-27/9
T210855%

Note volume on breakout. I have added SCMI to my GLB  Successful Tracker table. See you tomorrow night at the Northern Virginia IBD  Meetup online meeting? It is free and open to public.

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Blog Post: Day 13 of $QQQ short term up-trend and GMI= 6 (of 6) and Green. Note the stocks in the Successful GLB Tacker table.

Sunday, January 28, 2024 @ 9:05 pm by Dr. Wish
GMI6/6
GMI-27/9
T210855%

This chart updates throughout the trading day. It shows the date of the GLB (green line breakout), the price where the green line top was and how much the stock’s current price is above the green line. Buying stocks breaking above an ATH top can be very profitable.

 

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Blog Post: Day 11 of $QQQ short term up-trend; $AMD holds green line after recent GLB and closes at ATH, see daily chart

Wednesday, January 24, 2024 @ 7:54 pm by Dr. Wish
GMI6/6
GMI-27/9
T210849%

Nice volume on the way up. Comp rating and RS both =97. Earnings projected to be up +52% in 2024. Reports earnings on 1/30. Note the blue, black and green dot signals. (I warned you about  holding TSLA.)

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Current GMI Signal

RED

since close on SEP 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.

Green Line Breakout stocks
Sym.DateGLB $Now $Chg.
ENLT6/18/25$20.44$75.00266.93%
SFM1/29/24$49.45$70.7943.15%
CRS4/23/24$79.66$408.12412.33%
AGX9/6/24$76.70$389.85408.28%
BTSG9/9/25$25.57$56.78122.06%
APP9/17/24$116.09$308.06165.36%
EAT10/1/24$78.33$196.71151.13%
PLTR11/5/24$44.91$177.64295.55%
ALMS1/6/26$13.53$7.77-42.57%
BE8/22/25$44.95$265.63490.95%
CLS5/1/25$87.00$332.63282.33%
RGC5/1/25$1.55$5.79273.55%
CCJ6/9/25$62.55$91.6246.47%
RHLD8/12/25$54.05$118.25118.78%
GEV5/20/25$447.50$940.33110.13%
CLS6/25/25$144.27$332.63130.56%
MIRM8/7/2025$54.23$91.8369.33%
CCJ6/9/25$62.55$91.6246.47%
WDC9/4/25$86.66$441.36409.30%
SNDK9/4/25$58.36$1,791.822970.29%
STX6/3/2025$117.67$858.79629.83%
TTMI6/3/25$30.41$117.97287.93%
MU9/29/25$157.54$1,015.80544.79%
INBX7/8/25$18.95$109.35477.04%
SPHR9/11/25$56.08$145.19158.90%
FIX7/24/25$553.09$1,651.37198.57%
MU9/25/25$157.54$1,015.80544.79%
VIK6/30/25$53.14$84.1558.36%

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  • About the General Market Index (GMI)
  • Welcome to the new *and improved* Wishing Wealth
  • How to use IBD 100 and New America stocks and TC2007 to find potential rocket stocks; Market rally begins
  • 6th day of $QQQ short term down-trend; GMI could signal a Buy
  • The new 3x ETF’s–triple your pleasure — or pain
  • In the hospital. Will resume posting next week. Thank you for your patience.
  • How I use put options as investment insurance
  • 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
  • Discordant market: Equal wtd indexes of SPY (RSP) and QQQ (QQQE) are falling while cap wtd indexes tell a different story; T2108=24%, like last April! Market internals are collapsing, see weekly charts, and my analysis.
  • 126 yearly new lows and 88 new highs, GMI= RED and Day 3 of $QQQ short term down-trend, but QQQ is short term oversold and may bounce Wednesday. Gas/Oil stocks are strong, see MPC and PSX. I go where the ATHs are.
  • GMI=1 and RED; Day 1 of $QQQ short term down-trend; 3 days in a row with more yearly lows than highs; only 21 stocks reached ATHs on Friday, QQQ now closed below 4wk avg. Be very careful.
  • GMI turns RED; More yearly new lows than highs and only 19 of 6,556 stocks traded at an ATH, OIL & GAS (14) and Shipping & Ports (2) had the most, see list. Be careful!
  • An invaluable post to study: The table below shows how the 6 stocks I posted about on 8/17 have performed since then. One half are up 11% to 14% and half are down 1% to 5%. I explain how I found them among stocks hitting ATHs and why buying stocks at ATHs can be a winning trading strategy. Note: GMI=2

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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