Blog post: Day 2 of $QQQ short term up-trend; GMI turns GREEN; QQQ must hold its 30 week average @607.12; Get the link to my free virtual presentation at the MoneyShow 2026 on April 22.

@ 9:38 pm
GMI4/6
GMI-26/9
T210845%

I will discuss the evidence for my GLB (green line breakout) setup during my presentation to MoneyShow 2026 on April 22. Please disseminate this link widely to all who you think will enjoy hearing about my strategies. This link works for emails. This weekly chart of QQQ shows my primary way to gauge its trend. The 4 and 10 week averages are below the 30 week. Many tops have occurred with a rebound to the 30 week only to decline below it. When the 4 and 10 week averages climb back above the 30 week we have a Stage 2 up-trend. Just study this chart. Compare the prior up-trend to the current pattern.

Screenshot

The GMI has now turned GREEN.

Screenshot

Blog Post: Day 1 of $QQQ short term up-trend; GMI=5; 113 US stocks reached an ATH; QQQ retakes 30 week average, but must hold above it to possibly begin a Stage 2 up-trend, but we are not there yet. Also, watch the 10 week average.

@ 9:32 pm
GMI5/6
GMI-26/9
T210847%

The 30 week average needs to continue to curve up in order to begin a Stage 2 up-trend. As I have written, a down-trend can have QQQ rebound to the 30 week average and then fail. This week’s close will be very important.The GMI is still on a RED signal but could flash GREEN on Thursday. There are many stocks having a GLB that I will talk about as things develop. I will be much more likely to get long when/if the 10 week average climbs back above the 30 week average. We still have 4wk<10wk<30wk down-trend. There are many months for me to get aboard a genuine new up-trend. As a recent retiree, I am much more conservative in my trading.

Screenshot

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.

Screenshot

The GMI remains on a RED signal.