HOW I IDENTIFIED AND EXITED AT THE MARKET TOP IN 2000–WHEN THE 30 WEEK AVERAGE CURVED DOWN. TO IDENTIFY A LIKELY TOP, I JUST WATCH THE 30 WEEK AVERAGE. Compare the weekly charts of QQQ from 2000 and now.

@ 10:50 pm
GMI5/6
GMI-27/9
T210844%

This signal helped me to get out at the beginning of of all major declines since 2000. Here are the 2000 top and today’s chart. Gray line is weekly price closes. Thank you Stan Weinstein for teaching me stage analysis.

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I got defensive in April 2025 until the 30 week resumed its rise. Compare these two charts. See a top?

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Blog: Day 36 of QQQ short term up-trend; I am amazed how strongly advancing stocks and ETFs may track along their 5 day exponential moving average, see daily charts of QQQ and DELL.

@ 10:08 pm
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GMI-27/9
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One can design steups for trading based on the 5 day EMA. The 5 day EMA> 21 day EMA > 30 day SMA and ? Look at this chart and create your rules. I may look for bounces up off of the rising 5DEMA. See these daily charts of  QQQ and DELL.

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The GMI remains GREEN and is  at 5 (of 6).

Blog Post: Day 32 of QQQ short term up-trend; GMI=5 (of 6) and GREEN. 15 of 62 stocks reaching ATH on Friday were semiconductors. They lead again and 5 had a GLB! See list and note earnings release dates.

@ 8:48 pm
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Theses 15 stocks traded at an ATH (all-time high) on Friday. Five had a GLB last week:  NVTS, NXPI, GFS, ALAB, SKYT. Check them out and draw in their green lines according to the rules I specified at my recent presentation to the MoneyShow. Any that CLOSE below their green line, I would consider to be a failed GLB.

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The GMI remains relatively strong, for now.

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