The GMI remains at 6 and the GMI-R fell one, to 9 (90%) because there were more new lows than highs in my universe of 4,000 stocks on Thursday. Remember, the GMI tracks the Nasdaq 100 stocks most closely. We have had a miserable performance in the Dow 30 S&P 500 and SmallCap stocks and still have the GMI remain strong because the Nasdaq 100 techs stocks are outperforming these other stocks. How long this schizophrenic, split personality of a market can last is anyone’s guess. For now, the Nasdaq 100 tech stocks remain stronger and are in the 45th day of their short term up-trend. So, I retain the QLD and my covered call positions…….