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Day 2 of $QQQ short term down-trend, not out of the woods yet; $AAPL weakening, the leaders top out first as the prior laggards rise

Thursday, February 25, 2021 @ 9:08 am by Dr. Wish
GMI4/6
GMI-23/9
T210868%

Time to be defensive, buying the oversold dip/bottom is not working. This is still post-earnings period when the market often drifts or weakens. Mid to late March may be the start of next earnings anticipation rise. AAPL is on the verge of entering a daily BWR down-trend.

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Day one of $QQQ short term down-trend; about 40% of new down-trends last 5 or fewer days

Tuesday, February 23, 2021 @ 10:03 pm by Dr. Wish
GMI4/6
GMI-23/9
T210867%

I generally buy some SQQQ at beginning of down-trend and add more if it extends beyond 5 days. My trading IRA account is mainly in cash.

 

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$QQQ short term up-trend likely to end on Tuesday; Commodities ETF, $DBC, in a daily RWB up-trend

Monday, February 22, 2021 @ 10:47 pm by Dr. Wish
GMI6/6
GMI-23/9
T210867%

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Current GMI Signal

RED

since close on JUL 20, 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$90.25341.54%
SFM1/29/24$49.45$76.8055.31%
CRS4/23/24$79.66$571.78617.78%
AGX9/6/24$76.70$527.67587.97%
BTSG9/9/25$25.57$71.18178.37%
APP9/17/24$116.09$409.01252.32%
EAT10/1/24$78.33$195.82149.99%
PLTR11/5/24$44.91$129.34188.00%
ALMS1/6/26$13.53$28.05107.32%
BE8/22/25$44.95$178.07296.15%
CLS5/1/25$87.00$294.93239.00%
RGC5/1/25$1.55$5.71268.39%
CCJ6/9/25$62.55$87.9040.53%
RHLD8/12/25$54.05$133.01146.09%
GEV5/20/25$447.50$953.40113.05%
CLS6/25/25$144.27$294.93104.43%
MIRM8/7/2025$54.23$114.06110.33%
CCJ6/9/25$62.55$87.9040.53%
WDC9/4/25$86.66$482.22456.45%
SNDK9/4/25$58.36$1,263.512065.03%
STX6/3/2025$117.67$791.24572.42%
TTMI6/3/25$30.41$121.28298.82%
MU9/29/25$157.54$867.23450.48%
INBX7/8/25$18.95$83.56340.95%
SPHR9/11/25$56.08$137.17144.60%
FIX7/24/25$553.09$1,665.11201.06%
MU9/25/25$157.54$867.23450.48%

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  • About the General Market Index (GMI)
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  • 6th day of $QQQ short term down-trend; GMI could signal a Buy
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  • 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: Modified Daily Guppy chart shows the current trend for $QQQ. QQQ is very oversold with Friday’s SFS (super fast stochastic) below 10. So QQQ may bounce this week. GMI remains RED, however. See Guppy charts for QQQ, AAPL, JNJ and the GMI table.
  • Blog: Day 14 of $QQQ short term down-trend; UGA, the U.S. gasoline fund had an ATH today and a GLB last March. See weekly and monthly charts.
  • Blog: Day 13 of $QQQ short term down-trend; TESLA and GOOGL had BWR down-trends in their daily modified Guppy charts and swooned tonight. A BWR down-trend may predict bad earnings news. See their charts and NFLX.
  • Blog: Day 12 of $QQQ short term down-trend; there was a blue dot oversold bounce on Friday setting up the recent rally, see daily chart; the GMI flashes RED.
  • Blog: Day 11 of $QQQ short term down-trend; GMI=1 and could flash Red Tuesday. This modified daily Guppy chart clearly contrasts the current market environment with that during the wonderful May rally. I am mainly in cash in my trading accounts.

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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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