Blog Post: Day 36 of $QQQ short term down-trend; Indexes are very oversold; QQQ topped out in October, 2025, long before the current war, see weekly chart. End of the war may not change the longer term trend. Modified daily Guppy chart would have had you exit META long before Thursday’s debacle, see chart.

@ 9:14 pm
GMI2/6
GMI-22/9
T210822%

The Stage 4 down-trend has yet to begin. That is when I typically exited the markets. However, I did not wait for that this time. I am more of a chicken now. The market could have a final rally up to the 30 week, 4 week or 10 week averages. Prior major tops did that and led me to think I was wrong to exit earlier. Ignore the news, fundamentals and market media pundits. Just watch the market’s actions.

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People should look at a modified daily Guppy chart before buying or selling. META has been in a BWR down-trend for quite a while. Forget earnings, fundamentals and news. Just look at the price trends. RWB (red/white/blue) up-trends rule for going long! Why should anyone be long META? Buy and hope?

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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.