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9th day of $QQQ short term down-trend

Wednesday, May 22, 2019 @ 8:16 am by Dr. Wish
GMI4/6
GMI-23/9
T210843%

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8th day of $QQQ short term down-trend

Tuesday, May 21, 2019 @ 9:14 am by Dr. Wish
GMI1/6
GMI-22/9
T210838%

QQQ closed back below all 12 averages (dotted line=daily close).

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$QQQ closes back below 10 week average

Sunday, May 19, 2019 @ 10:44 pm by Dr. Wish
GMI2/6
GMI-23/9
T210842%

10 week average is purple dotted line in this weekly chart. The major bullish sign here is the fact that the 30 week average (red line) is turning up. However, it still looks like a failed GLB and a possible double top.

The GMI remains on a Red signal.

 

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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$87.01325.68%
SFM1/29/24$49.45$86.5475.01%
CRS4/23/24$79.66$610.01665.77%
AGX9/6/24$76.70$768.53901.99%
SATS8/26/25$50.21$0.20-99.60%
APP9/17/24$116.09$563.83385.68%
EAT10/1/24$78.33$172.51120.23%
PLTR11/5/24$44.91$125.95180.45%
ALMS1/6/26$13.53$26.8298.23%
BE8/22/25$44.95$287.03538.55%
CLS5/1/25$87.00$360.67314.56%
RGC5/1/25$1.55$8.10422.58%
CCJ6/9/25$62.55$96.9054.92%
RHLD8/12/25$54.05$148.24174.26%
GEV5/20/25$447.50$1,130.94152.72%
CLS6/25/25$144.27$360.67150.00%
MIRM8/7/2025$54.23$120.10121.46%
CCJ6/9/25$62.55$96.9054.92%
WDC9/4/25$86.66$597.68589.68%
SNDK9/4/25$58.36$2,033.483384.37%
STX6/3/2025$117.67$912.38675.37%
TTMI6/3/25$30.41$180.02491.98%
MU9/29/25$157.54$1,040.96560.76%
INBX7/8/25$18.95$95.46403.75%
SPHR9/11/25$56.08$167.97199.52%
FIX7/24/25$553.09$1,862.57236.76%

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  • Blog: Day 1 of a new $QQQ short term up-trend; all GMI components are positive; QQQ and SPY retake their 10 week averages! See weekly chart of QQQ and my analysis.
  • Blog: Day 3 of $QQQ short term down-trend; QQQ and SPY are now below their 10 week averages; MAG 7 ETF in daily BWR down-trend, see chart and GLD’s blue dot bounce.
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  • Blog: Day 7 of $QQQ short term up-trend, it may end Wednesday, but longer term trend remains up, see chart.
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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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