GMI: 4; GMI-R: 7; 22nd day of QQQQ short term up-trend; ITRI

There were 42 new highs and 114 new lows in my universe of 4,000 stocks on Wednesday.  The low number of new highs caused the GMI to decline to 4 (of 6) and the GMI-R to 7 (of 10).  Still, 71% of the Nasdaq 100 stocks closed above their 30 day averages.  ITRI, a Judy’s Pick, rose 5% to $105.21.  I continue to accumulate QLD and to write covered calls.

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