General Market Index (GMI) table

Note that the 10 week average remains above the 30 week average. I am looking for this ETF to climb back above its 10 week average and for that average to turn up. For now, I remain partially invested in growth mutual funds in my university pension accounts. The gray line tracks the weekly closes.

SPY is a little weaker.

These 21 stocks had a weekly green bar last week (recent ATH and 4wk>10wk>30wk and bounced up off of rising 4 wk and 20 wk high in RS) and are worth monitoring. They are sorted by price/lowest price past 250 days.

The GMI= 2 (of 6) and is still RED.

QQQ remains in a short term down-trend. One way to play this is to own a little SQQQ, a 3x leveraged bearish ETF, that rises when QQQ falls. But we need to be nimble because many down markets have ended in October. As the Sell in May saying says, return on Halloween. Let’s see first if last week’s bounce holds. It may present an opportunity to get into SQQQ a little lower.

Jesse Livermore might say, time to go fishing….. Darvas would call it a market for the birds. O’Neil would stay away, as I suspect would Minervini. And the perspicacious and man of few tweets,  David Ryan, said on August 24: