General Market Index (GMI) table

Blog Post: GMI=0 and Flashes RED! Day 22 of $QQQ short term down-trend; My 10:30 weekly chart below shows QQQ is now below its 30 week average. Look what happened the last time it did so in March, 2025. A major decline may be just beginning. Cash is king!

@ 10:55 pm
GMI0/6
GMI-22/9
T210834%

On February 4th I posted that a new QQQ short term down-trend had begun. QQQ went sideways after that but QQQ may now be entering a longer term Stage 4 down-trend. If it does so, we may be in for a sizable decline. That signal got me out early from the large declines since 2000. I have been posting that I prefer to be in cash. If the 30 week average turns down, all of my funds will be in cash. Be very careful. Most people who have not experienced a major market decline may be slaughtered. Look at recent above average weekly volume declines. Gray line in chart shows weekly close. If we enter a Stage 4 decline I will post the indicator I use to detect market bottoms. Study the Livermore quotes below that I showed my students.

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GMI=0 and RED.

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Blog Post: Day 17 of $QQQ short term down-trend; On Friday, 60 stocks reached an ATH: Utilities (12), Gold (7), Oil & Gas (7). Was $$$ flowing into these in anticipation of an IRAN strike? Monday’s action should tell us. Fasten your seat belts….

@ 7:49 pm
GMI3/6
GMI-25/9
T210849%

I find it useful to look each day at the industries that had the most stocks reaching an ATH. It shows where money managers are buying. Why are utilities leading? Look at this Utilities Sector ETF that reached an ATH on Friday. It had a recent GLB on above average volume. Note how it is climbing the 5 day EMA. Will the Iran war benefit utilities?

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The GMI remains Green but I am mainly in cash in my trading accounts. This market looks weak to me. Note the 10.4 weekly stochastic=30. In a strong up-trend this indicator is >80 for weeks. Don’t fight this market. Trading growth stocks profitably is much more likely when the GMI= 6. The last time the GMI=6 was December 5!

 

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Blog: Day 12 of $QQQ short term down-trend, but $QQQ held its 30 week average and Green Line; the GMI remains on a Green signal for now. See weekly chart and analysis. The GMI=4, see table.

@ 6:50 pm
GMI4/6
GMI-24/9
T210856%

$QQQ last week held the 30 week average and the Green Line. It bounced up against its 4 week average. I expect resistance at the 4 wk and/or 10 wk averages. Let’s see if it can close back above the 4 wk average this week. If it fails to hold above the recent Green Line top, it will signify a GLB (Green Line Break-out) failure. It is also concerning that the 4 wk and 10 wk averages are declining. A close below the 30 week average (solid red line) would signal a possible Stage 3 top. A declining 30 wk average will signify an ominous Stage 4 down-trend. Note the possible double top.

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The GMI is still Green.

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