The GMI remains at 6, and the GMI-S is at 100 for the first time since October 31.  There were 426 new yearly highs in my universe of 4,000 stocks.  61% of the Nasdaq 100 stocks rose on Thursday, along with 71% of the S&P 500 and 73% of the Dow 30 stocks.  However, only [...]

The GMI is 6 with the GMI-S now at 94.  All four short term indicators are positive for each of the four indexes except for the DIA.  There were 497 new highs in my universe of 4,000 stocks on Wednesday, the largest number since  April 19.  57-64% of the stocks in the Nasdaq 100, S&P [...]

The GMI is back to 6 and 74-77% of the stocks in the Nasdaq 100, S&P 500 and Dow 30 indexes advanced on Tuesday.  There were 399 new highs in my universe of 4,000 stocks.  85%of the IBD 100 stocks from 10/16 advanced and 21 of them hit a new yearly high.  Tuesday was the [...]

The GMI declined to 5, as only 63 of the 142 stocks in my universe that hit a new high 10 days ago closed higher than they did 10 days ago.  Stocks hitting new highs should be moving up in a strong market.  When breakouts fail it can be an early sign of a weakening [...]

The GMI is still at the maximum of 6 and the trend remains up.  67% of the Nasdaq 100 stocks rose on Friday, along with 68% of the S&P 500 and 53% of the Dow 30 stocks.  There were 115 successful 10 day new highs (stocks that hit a new high 10 days ago that [...]

The GMI is still 6, but only 23-31% of the stocks in the Nasdaq 100, S&P 500 and Dow 30 indexes advanced on Thursday.  This is the 13th week that the QQQQ has closed above its 10 week average, and the 59th day of the rise.

The GMI held at 6 and 60-65% of the stocks in the Nasdaq 100, S&P 500 and Dow 30 indexes advanced on Wednesday.  There were 269 new highs in my universe of 4,000 stocks.  Only 53% of the IBD 100 stock list from 10/16 rose and only 3 hit new highs (LVS, CELG and ICLR). [...]

The GMI remains at 6.  Tuesday was the 57th day of the QQQQ up-trend. There were 315 new highs in my universe of 4,000 stocks.  74% of the Nasdaq 100 stocks rose, along with 56% of the S&P 500 and 63% of the Dow 30 stocks.  62% of the IBD 100 stocks from 10/16 rose.

The GMI is back to 6, with 89-94% of the stocks in the Nasdaq 100, S&P 500 and Dow 30 indexes advancing on Monday. There were 227 new highs in my universe of 4,000 stocks.  Monday was the 56th day in the QQQQ up-trend.

The GMI rose to 5, as 39% of the Nasdaq 100 stocks advanced on Friday along with 33% of the S&P 500 and 20% of the Dow 30 stocks.  There were 104 new yearly highs in my universe of 4,000 stocks. However, only 49% of the Nasdaq 100 stocks closed above their 30 day averages, [...]