Posted Wednesday, April 23, 2008 @ 12:01 am by Dr. Wish
GMI: 5; GMI-R: 8; 21st day of QQQQ short term up-trend
The GMI remains at 5 (of 6) but the GMI-R fell one to 8 (of 10). This is because there were more new lows than highs (131 vs. 111) in my universe of 4,000 stocks on Tuesday. Tuesday was the 21st day in the current QQQQ short term up-trend. I continue to hold QLD and to write calls on IBD 100 stocks. CPST, a Judy’s Pick, continues to out-perform the market.
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