General Market Index (GMI) table

These 13 stocks hit an ATH last week and survived my weekly green line scan for technically strong stocks in an up-trend. They all hit 20 week highs in relative strength vs. SPY last week. The third column divides current price by its price 250 days ago. Thus LNTH has almost tripled, 2.87 and AMR is up almost 9x. SLVM has a null result because it did not exist 250 days ago. It is an IPO break-out stock and recently successfully tested its GLB. See weekly chart.

QQQ remains in a Stage 4 down-trend. The 30 week average (red solid line) needs to curve up for me to bank on a new up-trend. That is a long way off. Beware of possible sharp bear market bounces.

With the GMI=0 I am content to wait for the end of the decline. I got out of the market in November and I do not have to try to guess the bottom. As long as I get back in at a price lower than where I sold I have done well and avoided all of the stress of a large drawdown. Too many people think they have to catch the bottom–ridiculous! It is so much easier to make money going long when the GMI is on a Green signal.  That occurs when there are two consecutive days with the GMI>3. I will also want to have the indexes in a weekly RWB up-trend. See below that QQQ is in a weekly BWR down-trend with all of the shorter averages (red lines) below the declining longer averages (blue lines). It looks like this may even be the beginning of a major down-trend. However, I do not become attached to a scenario.  I just wait for Mr. Market to tell me his direction.