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38th day of $QQQ short term up-trend–could end tomorrow; $AAPL failing

Wednesday, June 14, 2017 @ 9:31 pm by Dr. Wish
GMI6/6
GMI-24/9
T210860%

Another down day could end the QQQ short term up-trend. Note failure of bounce to hold.

AAPL is already failing.

 

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37th day of $QQQ short term up-trend

Wednesday, June 14, 2017 @ 8:06 am by Dr. Wish
GMI6/6
GMI-24/9
T210864%

Indexes holding up thus far.QQQ has held support.

 

2 Comments

$QQQ bounces on trend line support

Monday, June 12, 2017 @ 10:35 pm by Dr. Wish
GMI5/6
GMI-24/9
T210862%

The QQQ found support right where it should have. Now let’s see if it can hold.

 

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Current GMI Signal

RED

since close on SEP 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.

Green Line Breakout stocks
Sym.DateGLB $Now $Chg.
ENLT6/18/25$20.44$74.47264.33%
SFM1/29/24$49.45$72.0045.60%
CRS4/23/24$79.66$447.23461.42%
AGX9/6/24$76.70$410.90435.72%
BTSG9/9/25$25.57$59.75133.67%
APP9/17/24$116.09$318.05173.97%
EAT10/1/24$78.33$211.59170.13%
PLTR11/5/24$44.91$165.55268.63%
ALMS1/6/26$13.53$9.39-30.60%
BE8/22/25$44.95$273.73508.97%
CLS5/1/25$87.00$341.80292.87%
RGC5/1/25$1.55$5.74270.32%
CCJ6/9/25$62.55$97.4055.72%
RHLD8/12/25$54.05$132.97146.01%
GEV5/20/25$447.50$952.31112.81%
CLS6/25/25$144.27$341.80136.92%
MIRM8/7/2025$54.23$99.3983.27%
CCJ6/9/25$62.55$97.4055.72%
WDC9/4/25$86.66$446.59415.34%
SNDK9/4/25$58.36$1,626.112686.34%
STX6/3/2025$117.67$818.92595.95%
TTMI6/3/25$30.41$125.79313.65%
MU9/29/25$157.54$970.86516.26%
INBX7/8/25$18.95$109.46477.63%
SPHR9/11/25$56.08$145.02158.59%
FIX7/24/25$553.09$1,684.54204.57%
MU9/25/25$157.54$970.86516.26%
VIK6/30/25$53.14$86.2262.25%

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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
  • The new 3x ETF’s–triple your pleasure — or pain
  • In the hospital. Will resume posting next week. Thank you for your patience.
  • How I use put options as investment insurance
  • 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
  • GMI turns RED; More yearly new lows than highs and only 19 of 6,556 stocks traded at an ATH, OIL & GAS (14) and Shipping & Ports (2) had the most, see list. Be careful!
  • An invaluable post to study: The table below shows how the 6 stocks I posted about on 8/17 have performed since then. One half are up 11% to 14% and half are down 1% to 5%. I explain how I found them among stocks hitting ATHs and why buying stocks at ATHs can be a winning trading strategy. Note: GMI=2
  • Blog: Day 24 of $QQQ short term up-trend; once again, Oil & Gas (7) and Shipping & Ports (4) Industries had the most stocks reaching an ATH on Tuesday, see list.
  • Blog: Day 23 of $QQQ short term up-trend; GMI remains Green, see table.
  • Strange day Monday: More new yearly lows than highs for first time since March 30 and lowest number of ATHs, 13, since 12 last March 31; That is when the February to March decline ended, see daily chart of SPY. See my blog for my attempt to explain this rare occurrence. Meanwhile, 6 of the 13 ATHs today were oil & gas related stocks, see the list on my blog.

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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