GMI: 5; 4th day of QQQQ down-trend

The GMI rebounded to 5 on very light volume on Tuesday and will fall back on any market weakness.  64% of the Nasdaq 100 stocks rose, along with 75% of the S&P 500 stocks and 87% of the Dow 30 stocks.  There were 167 new 52 week highs in my universe of 4,000 stocks.  Still, the QQQQ is in the 4th day of its current down-trend.  AAPL and RIMM continued to weaken and only 62% of the IBD 100 stock list from 12/18 advanced.  See yesterday’s post below,  for my disclaimer.

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