General Market Index (GMI) table

Blog post: Day 2 of $QQQ short term up-trend; GMI turns GREEN; QQQ must hold its 30 week average @607.12; Get the link to my free virtual presentation at the MoneyShow 2026 on April 22.

@ 9:38 pm
GMI4/6
GMI-26/9
T210845%

I will discuss the evidence for my GLB (green line breakout) setup during my presentation to MoneyShow 2026 on April 22. Please disseminate this link widely to all who you think will enjoy hearing about my strategies. This link works for emails. This weekly chart of QQQ shows my primary way to gauge its trend. The 4 and 10 week averages are below the 30 week. Many tops have occurred with a rebound to the 30 week only to decline below it. When the 4 and 10 week averages climb back above the 30 week we have a Stage 2 up-trend. Just study this chart. Compare the prior up-trend to the current pattern.

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The GMI has now turned GREEN.

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Blog Post: Day 41 of $QQQ short term down-trend; $QQQ finishing Stage 3 and may begin Stage 4 decline; I never fight the market’s trend. Only young people can wait out a decline and recovery. I believe that Boomers belong on the sidelines, protecting their hard earned savings and investments.

@ 6:48 pm
GMI1/6
GMI-25/9
T210827%

QQQ’s 10 week average remains below the 30 wk average and the 30 week average is flat. If the 30 week should begin a decline, it will give the stage 4 signal that occurs at the beginning of a major decline. Last week, QQQ retraced to its 4 week average, as expected. I am mostly in cash on the sidelines.

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The GMI remains on a RED signal.

 

Blog Post: Day 37 of $QQQ short term down-trend; GMI=1 and 10 week average closes week below 30 week average, see weekly chart. Stage 4 down-trend likely.

@ 10:34 pm
GMI1/6
GMI-21/9
T210819%

Be very careful as we may be at the beginning of a significant Stage 4 down-trend. We may see a retracement to the 4wk average at 583.94. That may be resistance.

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GMI=1 and remains RED. T2108=19, still above the level where many bottoms have occurred, below 10.

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