We have one more week until options expiration. I remain in cash with a few long positions protected by put options. Most of my stock will be assigned and I will be back to 100% cash. This is the time to sit back and enjoy the summer heat. There is plenty of time to jump back into the market after a real up-trend begins.
12th day of QQQ short term down-trend
All I can say is if I do not have the disciplione to stay out of the long side of the market when the GMI equals zero, then I am just a gambler. The way to make money on the long side is when there is a confirmed up-trend in progress. The market is now in a confirmed down-trend. When will it end? No one knows. I just step off of the train until it turns around and the GMI returns to 4 or more.
GMI still at zero; 11th day of QQQ short term down-trend
T210832%
The market remains in a down-trend. I am in cash and/or completely hedged. It looks like “sell in May and go away,” is working this year.