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Blog post: Day 32 of $QQQ short term up-trend, likely to end on Thursday; GMI turns Red; $QQQ daily RWB almost gone, see charts; 53 new highs and 564 new US lows on Wednesday

Wednesday, December 1, 2021Wednesday, December 1, 2021 @ 7:46 pm by Dr. Wish
GMI2/6
GMI-23/9
T210821%

 

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Blog post: 28 new highs and 597 new lows, most since 1,056 on 3/23/2020; Only 4 stocks of the NASADQ 100 rose on Tuesday–$TSLA, $AAPL, $TCOM and $CHKP; Investors are taking cover in $AAPL and $TSLA. When these “safe” stocks finally crater we will know we are near a bottom; the Bear gets around to every stock

Tuesday, November 30, 2021 @ 9:30 pm by Dr. Wish
GMI2/6
GMI-22/9
T210827%

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Blog post: Day 30 of $QQQ short term up-trend; but 343 new lows and 43 new highs in US stocks; bonds still rallying; remain defensive

Monday, November 29, 2021 @ 8:57 pm by Dr. Wish
GMI3/6
GMI-24/9
T210836%

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Current GMI Signal

RED

since close on Mar 6, 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$69.35239.29%
SFM1/29/24$49.45$76.8755.45%
CRS4/23/24$79.66$388.05387.13%
AGX9/6/24$76.70$578.30653.98%
SATS8/26/25$50.21$127.74154.41%
APP9/17/24$116.09$412.50255.33%
EAT10/1/24$78.33$148.0388.98%
PLTR11/5/24$44.91$148.81231.35%
ALMS1/6/26$13.53$22.1763.86%
BE8/22/25$44.95$136.40203.45%
CLS5/1/25$87.00$288.21231.28%
RGC5/1/25$1.55$31.591938.06%
CCJ6/9/25$62.55$111.0577.54%
RHLD8/12/25$54.05$145.74169.64%
GEV5/20/25$447.50$899.95101.11%
CLS6/25/25$144.27$288.2199.77%
MIRM8/7/2025$54.23$95.9776.97%
CCJ6/9/25$62.55$111.0577.54%
WDC9/4/25$86.66$305.93253.02%
SNDK9/4/25$58.36$721.501136.29%
STX6/3/2025$117.67$454.91286.60%
TTMI6/3/25$30.41$96.06215.88%
MU9/29/25$157.54$381.66142.26%
INBX7/8/25$18.95$65.50245.65%
SPHR9/11/25$56.08$127.32127.03%
FIX7/24/25$553.09$1,432.06158.92%

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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
  • 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.
  • 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
  • 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.
  • Blog Post: Day 37 of $QQQ short term down-trend; GMI=1 and 10 week average closes week below 30 week average, see weekly chart. Stage 4 down-trend likely.
  • Blog Post: Day 36 of $QQQ short term down-trend; Indexes are very oversold; QQQ topped out in October, 2025, long before the current war, see weekly chart. End of the war may not change the longer term trend. Modified daily Guppy chart would have had you exit META long before Thursday’s debacle, see chart.

Blogroll

  • Barchart All-Time Highs
  • Blue Collar Investor
  • CNNMoney: Pre-market Futures
  • Dark Liquidity
  • Seeking Alpha
  • Stock Chartist

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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