GMI: 0; GMI-R: 1; T2108: 29%; 29th day of QQQQ down-trend; mainly in cash

The GMI remains at zero, and the GMI-R, at one. The Worden T2108 indicator is now at 29%, up from an extreme low of 8% on July 7.  41% of the Nasdaq 100 stocks have now closed above their 30 day averages, also up from a low of 8% on July 7. Tuesday was the 29th day in the current QQQQ down-trend. I am mostly in cash but am nibbling at a few strong stocks that are near new highs and in strong up-trends. As soon as I make each small pilot buy, I put in a sell stop to minimize any inevitable losses.  It is so much easier to make money on the long side during market up-trends.

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