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$QQQ short term trend may turn up; dollar falls and gold rises

Thursday, February 15, 2018 @ 10:32 pm by Dr. Wish
GMI2/6
GMI-28/9
T210832%

Another strong day on Friday could change the QQQ short term trend to up. The GMI signal still remains Red. The dollar continues to fall.

And is in a daily BWR down-trend.

And GLD moves up in a daily RWB up-trend.

 

2 Comments

7th day of $QQQ short term down-trend

Wednesday, February 14, 2018 @ 9:30 pm by Dr. Wish
GMI1/6
GMI-24/9
T210828%

IBD says market in confirmed up-trend after follow through day. I remain cautious until daily RWB pattern returns.

2 Comments

6th day of $QQQ short term down-trend; $GLD

Wednesday, February 14, 2018 @ 8:48 am by Dr. Wish
GMI1/6
GMI-23/9
T210820%

Only 39 US stocks hit new highs on Tuesday and there were more new lows than highs. I remain on the sidelines with a small position in GLD, which has closed above all of its shorter averages (red lines) and may be starting a daily RWB up-trend.

 

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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$84.38312.82%
SFM1/29/24$49.45$86.5875.09%
CRS4/23/24$79.66$567.05611.84%
AGX9/6/24$76.70$600.49682.91%
BTSG9/9/25$25.57$61.16139.19%
APP9/17/24$116.09$341.17193.88%
EAT10/1/24$78.33$226.21188.79%
PLTR11/5/24$44.91$156.30248.03%
ALMS1/6/26$13.53$27.51103.33%
BE8/22/25$44.95$234.69422.11%
CLS5/1/25$87.00$315.30262.41%
RGC5/1/25$1.55$5.76271.61%
CCJ6/9/25$62.55$94.3750.87%
RHLD8/12/25$54.05$127.43135.76%
GEV5/20/25$447.50$1,008.12125.28%
CLS6/25/25$144.27$315.30118.55%
MIRM8/7/2025$54.23$95.0675.29%
CCJ6/9/25$62.55$94.3750.87%
WDC9/4/25$86.66$461.82432.91%
SNDK9/4/25$58.36$1,279.842093.01%
STX6/3/2025$117.67$864.45634.64%
TTMI6/3/25$30.41$140.81363.04%
MU9/29/25$157.54$890.88465.49%
INBX7/8/25$18.95$84.52346.02%
SPHR9/11/25$56.08$155.33176.98%
FIX7/24/25$553.09$1,729.98212.78%
MU9/25/25$157.54$890.88465.49%
VIK6/30/25$53.14$107.36102.03%

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  • Day 1 of $QQQ short term up-trend; Modified daily Guppy chart of QQQ no longer shows BWR down-trend. Is an RWB up-trend on deck? Stay tuned.
  • Blog: Day 20 of $QQQ short term down-trend; GMI=2, see table; QQQ is below its 4wk and 10wk average but is holding its critical 30 wk average, see weekly chart.
  • Blog: Day 19 of $QQQ short term down-trend; Look at the daily modified Guppy chart. Was Thursday a dead cat bounce? The market’s action will reveal the answer during the post earnings season period.
  • Blog: Day 18 of $QQQ short term down-trend; If I had bought SQQQ on Day 1 of the down-trend, I would be sitting on a gain of +29%. See the daily chart of SQQQ.
  • Blog: $IMAX had a high volume GLB (green line breakout) on July 23rd when they reported earnings, and closed Tuesday at an ATH. Homer would be proud, and rich……

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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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