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Blog Post: Day 2 of $QQQ short term down-trend; GMI=3, remains Green; 143 new US highs and 386 lows; $QQQ remains in Stage 4 decline, see weekly chart

Sunday, November 6, 2022 @ 9:35 pm by Dr. Wish
GMI3/6
GMI-21/9
T210859%

This weekly chart shows QQQ remains in a Stage 4 down-trend. Beware!

 

The GMI=3 and remains Green.

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Blog Post: Day 1 of new $QQQ short term down-trend; GMI=2, may flash RED Friday; 92 new US highs, 393 lows, 22 at ATH; $HRMY has GLB, see weekly chart

Thursday, November 3, 2022 @ 5:42 pm by Dr. Wish
GMI2/6
GMI-21/9
T210853%

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Blog Post: 147 new US highs, 238 lows and 40 ATHs; 7 stocks up today on their highest volume in the past 20 days: $NFE, $FMC, $MCK, $PSN, $NBIX, $BDC, $SMCI

Wednesday, November 2, 2022 @ 8:41 pm by Dr. Wish
GMI3/6
GMI-22/9
T210854%

Here is the list. Note all had volume more than twice their 50 day average volume. Last column is close/close 250 days ago.  These stocks are worth watching although some closed near their low price of the day.

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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$82.22302.25%
SFM1/29/24$49.45$80.6863.15%
CRS4/23/24$79.66$600.42653.73%
AGX9/6/24$76.70$692.13802.39%
SATS8/26/25$50.21$0.20-99.60%
APP9/17/24$116.09$517.97346.18%
EAT10/1/24$78.33$181.01131.09%
PLTR11/5/24$44.91$127.10183.01%
ALMS1/6/26$13.53$30.47125.20%
BE8/22/25$44.95$263.66486.56%
CLS5/1/25$87.00$358.94312.57%
RGC5/1/25$1.55$6.17298.06%
CCJ6/9/25$62.55$96.7054.60%
RHLD8/12/25$54.05$145.73169.62%
GEV5/20/25$447.50$1,083.05142.02%
CLS6/25/25$144.27$358.94148.80%
MIRM8/7/2025$54.23$127.86135.77%
CCJ6/9/25$62.55$96.7054.60%
WDC9/4/25$86.66$588.07578.59%
SNDK9/4/25$58.36$1,883.193126.85%
STX6/3/2025$117.67$908.34671.94%
TTMI6/3/25$30.41$151.96399.70%
MU9/29/25$157.54$1,016.38545.16%
INBX7/8/25$18.95$105.16454.93%
SPHR9/11/25$56.08$155.07176.52%
FIX7/24/25$553.09$1,786.07222.93%

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  • About the General Market Index (GMI)
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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 3 of $QQQ short term down-trend; Only 14 stocks at ATHs, 8 of them are biotechs, see list! Even biotech ETF, IBB, had a recent GLB, see chart! Why are $$$ going into biotechs?
  • Blog: Day 2 of $QQQ short term down-trend; QQQ may close this week below 4 wk and 10 wk averages, see weekly chart; Modified daily Guppy chart clearly shows the recent whipsaws.
  • Blog: Back to $QQQ short term down-trend, whipsawed yet again. Protecting capital as QQQ is beneath 4 wk and 10 wk averages.
  • Blog: Day 3 of QQQ short term up-trend; GMI=6 and this may be the start of the 2nd quarter earnings rally.
  • Blog: Of the 146 stocks at ATHs on Wednesday, more than one half were banks! 376 US stocks hit 52 week highs, the most since February 6! See daily chart of Regional Banking ETF.

Blogroll

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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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