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Blog Post: Day 12 of $QQQ short term up-trend; 292 US new highs, 136 ATHs and 40 lows; $CCJ rises after cup with handle and recent GLB, see daily and weekly charts.

Thursday, November 21, 2024 @ 9:17 pm by Dr. Wish
GMI6/6
GMI-24/9
T210854%

Screenshot
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Blog Post: Day 10 of $QQQ short term up-trend; Here is a list of 17 growth stocks that reached an ATH on Tuesday, ranked by appreciation from a year ago; $APP is up 8x, see monthly chart and GLB in September at $116.09

Tuesday, November 19, 2024 @ 9:25 pm by Dr. Wish
GMI6/6
GMI-24/9
T210848%

Screenshot
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Blog Post: Day 8 of $QQQ short term up-trend, it could end on Monday; But my 10:30 weekly chart of $QQQ shows a continuing longer term up-trend.

Sunday, November 17, 2024 @ 7:36 pm by Dr. Wish
GMI5/6
GMI-23/9
T210848%

While my short term QQQ trend indicator might turn down on Monday, QQQ closed (gray line) above it 10 week average (dotted line)and its 10 week average is climbing above its rising 30 week average (red line).

The GMI remains Green.
Screenshot
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Current GMI Signal

GREEN

since close on May 5, 2024

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$206.66302.53%
SFM1/29/24$49.45$78.8059.35%
CRS4/23/24$79.66$328.00311.75%
AGX9/6/24$76.70$311.58306.23%
BKNG9/16/24$3,918.00$4,940.0026.08%
APP9/17/24$116.09$619.93434.01%
DUOL9/18/24$245.87$201.21-18.16%
EAT10/1/24$78.33$102.6431.04%
NFLX10/18/24$700.99$1,103.6657.44%
LRN10/23/24$69.70$72.013.31%
PLTR11/5/24$44.91$177.93296.19%
SPOT11/6/24$387.44$616.9159.23%
CRWD4/24/25$398.33$539.8135.52%
CLS5/1/25$87.00$322.10270.23%
RGC5/1/25$1.55$13.02740.00%
CCJ6/9/25$62.55$92.2647.50%
SEZL5/9/25$79.59$59.24-25.57%
CRWV5/14/25$64.62$104.0160.96%
GEV5/20/25$447.50$575.1328.52%
NVDA6/3/25$140.76$188.1533.67%
MIRM8/7/2025$54.23$68.1125.59%
CCJ6/9/25$62.55$92.2647.50%
ORCL6/12/25$198.31$239.2620.65%
QBTS5/20/25$13.23$29.50122.98%
IONQ9/12/25$54.74$59.278.28%
HOOD6/30/25$85.60$130.3652.29%
IREN9/9/2025$28.25$62.38120.81%

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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
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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
  • Blog Post: Technical problems prevented last night’s post. I am mainly in cash with some $SQQQ in my trading accounts. $QQQ failed to hold 4wk avg and is now sitting on critical 10 wk avg, see weekly chart. Short term up-trend in jeopardy. Last night’s GMI stats shown.
  • Blog Post: Day 52 of $QQQ short term up-trend: GMI back to 6. We want to buy a stock or ETF when it has had a GLB, to ATHs. See monthly chart example of $ARKK.
  • Blog Post: Day 51 of $QQQ short term up-trend; 70 new US highs, 105 lows and 15 at ATHs; $QQQ has now returned to support at its 4 wk average; the up-trend is still intact, see weekly chart and analysis.
  • Blog Post: Day 49 of $QQQ short term up-trend; $QQQ, $DIA and $SPY remain in RWB daily up-trends, but there were many new lows last week; the GMI=4 and Green, see table.
  • Blog Post: Day 48 of $QQQ short term up-trend; Something is off: More new lows than highs, <50% of stocks advancing for days and and equal weighted market indexes are weaker than their large cap weighted indexes, masking the weakness among most stocks. $GLD oversold bounce?

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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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