General Market Index (GMI) table

Blog Post: Day 41 of $QQQ short term down-trend; $QQQ finishing Stage 3 and may begin Stage 4 decline; I never fight the market’s trend. Only young people can wait out a decline and recovery. I believe that Boomers belong on the sidelines, protecting their hard earned savings and investments.

@ 6:48 pm
GMI1/6
GMI-25/9
T210827%

QQQ’s 10 week average remains below the 30 wk average and the 30 week average is flat. If the 30 week should begin a decline, it will give the stage 4 signal that occurs at the beginning of a major decline. Last week, QQQ retraced to its 4 week average, as expected. I am mostly in cash on the sidelines.

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The GMI remains on a RED signal.

 

Blog Post: Day 37 of $QQQ short term down-trend; GMI=1 and 10 week average closes week below 30 week average, see weekly chart. Stage 4 down-trend likely.

@ 10:34 pm
GMI1/6
GMI-21/9
T210819%

Be very careful as we may be at the beginning of a significant Stage 4 down-trend. We may see a retracement to the 4wk average at 583.94. That may be resistance.

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GMI=1 and remains RED. T2108=19, still above the level where many bottoms have occurred, below 10.

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Blog Post: Day 32 of $QQQ short term down-trend; $QQQ 10 week average about to cross below 30 week average. It has been a long time since I have seen such market weakness.

@ 10:03 pm
GMI0/6
GMI-21/9
T210817%

The indexes are oversold and we may see a bounce this week. If I was not in cash I would sell into any bounce. Here is the 10:30 weekly chart. The 10 week average is about to cross below the 30 week for the first time since June, 2025. Note the recent high volume weekly declines.

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The GMI=0 and RED.