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Blog post: The only industry index in TC2000 passing my ATH and good technicals scan is Medical Distribution, and its 2 component stocks: $ABC and $MCK, see weekly charts

Tuesday, March 15, 2022 @ 10:09 pm by Dr. Wish
GMI0/6
GMI-20/9
T210836%

Note that all of these are above their last green line tops. I wonder if the medical distribution index is reflecting the sale of medical goods for Ukraine? or a new COVID variant outbreak on the horizon?

 

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Blog post: Day 46 of $QQQ short term down-trend; $QQQ is in Stage 4 decline, see weekly chart

Monday, March 14, 2022 @ 10:43 pm by Dr. Wish
GMI0/6
GMI-21/9
T210832%

This looks like the beginning of a significant Stan Weinstein Stage 4 down-trend. Time to be in cash or short.

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Blog post: Short term 1-3 yr treasury bonds, $SHY, in steady daily BWR decline signifying higher interest rates

Sunday, March 13, 2022 @ 10:38 pm by Dr. Wish
GMI1/6
GMI-21/9
T210836%

As these bonds decline, interest rates rise.

 

The GMI remains on a Red signal.

 

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Current GMI Signal

GREEN

since close on OCT 5, 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$67.51230.28%
SFM1/29/24$49.45$64.7530.94%
CRS4/23/24$79.66$394.18394.83%
AGX9/6/24$76.70$411.32436.27%
BTSG9/9/25$25.57$63.53148.46%
APP9/17/24$116.09$277.40138.95%
EAT10/1/24$78.33$191.27144.18%
PLTR11/5/24$44.91$192.69329.06%
INSW3/16/26$65.94$116.0976.05%
BE8/22/25$44.95$298.08563.14%
CLS5/1/25$87.00$386.05343.74%
RGC5/1/25$1.55$7.75400.00%
CCJ6/9/25$62.55$93.4449.38%
RHLD8/12/25$54.05$116.04114.69%
GEV5/20/25$447.50$1,026.15129.31%
CLS6/25/25$144.27$386.05167.59%
MIRM8/7/2025$54.23$78.5344.81%
CCJ6/9/25$62.55$93.4449.38%
WDC9/4/25$86.66$410.20373.34%
SNDK9/4/25$58.36$1,667.992758.10%
STX6/3/2025$117.67$805.74584.75%
TTMI6/3/25$30.41$133.79339.95%
MU9/29/25$157.54$1,058.18571.69%
INBX7/8/25$18.95$94.42398.26%
SPHR9/11/25$56.08$106.3789.68%
FIX7/24/25$553.09$1,799.92225.43%
MU9/25/25$157.54$1,058.18571.69%
VIK6/30/25$53.14$81.2552.90%

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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
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  • In the hospital. Will resume posting next week. Thank you for your patience.
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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
  • Day 12 of $QQQ short term up-trend, GMI=5 and turns GREEN! Many stocks are breaking out and NVDA even had a GLB on Monday! TQQQ up +14% since Day 1 on 9/18. Daily modified Guppy chart shows QQQ closing above all 12 averages.
  • Day 11 of $QQQ short term up-trend, its Weekly 10.4 Stochastic= 86, a sign of a strong up-trend, see GMI table; ARW had a nice high volume GLB to an ATH, see daily chart.
  • Day 10 of $QQQ short term up-trend; My modified daily Guppy chart below warned to abandon or short NKE long before tonight’s post earnings swoon. A chart is worth………. Come to my MoneyShow online appearance on October 20.
  • Day 8 of QQQ short term up-trend but TSLA has entered a Stage 4 down-trend. Only 13 stocks reached ATH Tuesday with 43 new yearly US highs and 149 lows. T2108=18%. Strange market.
  • Blog: Day 6 of $QQQ short term up-trend; Only 15 US stocks reached an ATH on Friday. One of them , PS, had a green line breakout, GLB. See its weekly chart below. If it closes back below the green line, @54.94 it would be a failed GLB. GMI=3 and RED, see table.

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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