General Market Index (GMI) table

Blog Post: Day 1 of new $QQQ short term down-trend; But 10 growth stocks did reach an ATH, see list; Of note, $JPM reached an ATH last week but closed just below its green line peak of $172.96

@ 6:36 pm
GMI3/6
GMI-24/9
T210866%

Stocks on my recent IBD/MS watchlists, sorted by last column, close /close 250 days ago. KGS was a recent IPO in 6/23.

The GMI, at 3,  still signifies a longer term up-trend. However, within this up-trend, QQQ has begun a short term down-trend. About 40% of these short term down-trends end within 5 days. If QQQ’s short term down-trend persists I may gradually accumulate some SQQQ.

Blog Post: Happy New Year! 10:30 weekly charts shows $QQQ, $SPY and $DIA remain in a Stage 2 up-trend, see chart for $QQQ; GMI remains Green and is at 6 (of 6)

@ 8:37 pm
GMI6/6
GMI-27/9
T210875%

As long as the index is rising above its 30 week average (red line) and the 10 week average (dotted line) is above the 30 week average, then the index remains in an up-trend. I do not try to predict, only to determine the market’s current trend. The gray solid line is the weekly close.