The QQQ closed on Monday just below its 30 week average, making the GMI lose one point. I am watching this relationship very closely. The tech stocks underperformed the other stocks on Monday. The SPY, but not the DIA, remained above its 30 week average. Time to be very cautious, but I have learned to wait for a definitive signal and not to act in anticipation of one. The market can turn on a dime.
I am looking forward to presenting my AAII workshop this Saturday. There is still time to sign up. (If link does not work, just Google: AAII Dr. Wish)