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Blog post: Day 30 of $QQQ short term down-trend; Retest of January 24 low (334.15) imminent

Thursday, February 17, 2022 @ 10:26 pm by Dr. Wish
GMI0/6
GMI-22/9
T210833%

Approaching the lower daily 2.15 BB. Will it hold?  Sometimes the low is exceeded and then we get an immediate reversal.

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Blog post: Day 29 of $QQQ short term down-trend; $QQQ’s 30 week average curving down–Stage IV decline coming?

Thursday, February 17, 2022 @ 8:10 am by Dr. Wish
GMI0/6
GMI-23/9
T210839%

A declining 30 week average is a major sign of weakness and could portend a Stage IV decline. That is when I used to transfer to cash in my university pension mutual funds. I already have done so.

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Blog post: Day 28 of $QQQ short term down-trend; Commodities, $DBC, in daily RWB up-trend

Tuesday, February 15, 2022 @ 8:58 pm by Dr. Wish
GMI0/6
GMI-22/9
T210838%

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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$228.92345.89%
SFM1/29/24$49.45$65.3032.05%
CRS4/23/24$79.66$363.35356.13%
AGX9/6/24$76.70$387.31404.97%
BKNG9/16/24$3,918.00$4,249.048.45%
APP9/17/24$116.09$444.03282.49%
EAT10/1/24$78.33$163.12108.25%
PLTR11/5/24$44.91$134.17198.75%
SPOT11/6/24$387.44$484.0424.93%
CRWD4/24/25$398.33$406.091.95%
CLS5/1/25$87.00$288.84232.00%
RGC5/1/25$1.55$26.641618.71%
CCJ6/9/25$62.55$117.4787.80%
CRWV5/14/25$64.62$90.9640.76%
GEV5/20/25$447.50$814.9082.10%
NVDA6/3/25$140.76$190.0735.03%
MIRM8/7/2025$54.23$99.0182.57%
CCJ6/9/25$62.55$117.4787.80%
QBTS5/20/25$13.23$19.4346.86%
HOOD6/30/25$85.60$74.83-12.58%
IREN9/9/2025$28.25$40.5643.58%

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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
  • The new 3x ETF’s–triple your pleasure — or pain
  • My first YouTube Vlog (video blog) Post: Sell in May and Go Away?
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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
  • 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.
  • Blog Post: Day 8 of $QQQ short term up-trend, could turn down Tuesday; The extreme diverse trends and volatility are very troubling. $GLD has another oversold bounce, see daily chart. Will this one work again?
  • Blog post: Day 7 of $QQQ short term up-trend; Up-trends are holding for now; After forming a few blue dots, $VIK closed Monday at an ATH! See the daily and monthly charts. Boomers are cruising!
  • Blog Post Day 6 of $QQQ short term up-trend; But this market is sending out warning signals. Too many investment advisors are bullish and there are too many air pockets in leading stocks. $MSFT has entered a Stage 4 down-trend, see weekly chart. The GMI= 4 and still on a GREEN signal. I will post when/if my major trend indicators turn down.

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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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