This chart shows Monday’s close as this week’s close. The cross will be more impressive if it does hold through Friday’s close.
Blog Post: Day 32 of $QQQ short term down-trend; $QQQ 10 week average about to cross below 30 week average. It has been a long time since I have seen such market weakness.
The indexes are oversold and we may see a bounce this week. If I was not in cash I would sell into any bounce. Here is the 10:30 weekly chart. The 10 week average is about to cross below the 30 week for the first time since June, 2025. Note the recent high volume weekly declines.
The GMI=0 and RED.
Blog Post: Day 31 of $QQQ short term down-trend and GMI=GMI2=0; I have been warning you since February 4 that cash was king; And this may still be just the beginning of a major decline. See modified daily Guppy charts of QQQ, SPY, DIA, IWM.
I publish this blog to just share with readers what I am doing. I have managed to avoid all major declines since 2000. I would tell my students that if they were crossing the street and saw a car coming towards them at full speed, they should not argue with the truck or assume the driver will stop. They should get the hell out of the way. That is what we have to do with the market. When my indicators turn down, I get out and wait for things to turn up. All my indicators are now negative but the 30 week average has yet to turn down. That will signal to me the BEGINNING of a Stage 4 decline and has in the past led me to exit safely before major market declines. I am deeply saddened for persons, especially retiring boomers, who are seeing their hard earned savings evaporate.
The major indexes are in daily BWR down-trends. A picture is worth a thousand words.
