If QQQ cannot retake its 30 week average and the 30 wk average curves down, I will exit stocks in all accounts. This is the pattern that helped me to evade the declines in 2000 and 2008. It is possible that the current decline is just getting underway. NO ONE KNOWS FOR SURE WHAT THE MARKET WILL DO. I just play the odds based on my 60 years in the market. I remain mostly in TBIL or cash in my IRA. My first priority is to protect my capital.
The GMI=0. Trading breakouts is a high risk strategy right now.Last Friday only 9 US stocks out of 6,500+ reached an ATH. GLBs are failing.
