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, [...]

The GMI declined to 4.  Only 35% of the 248 stocks that hit a new high 10 days ago closed higher on Thursday than they closed 10 days ago.  Thus, buying stocks at new highs 10 days ago has not been profitable–a major sign of market weakness.  Only 90 stocks in my universe of 4,000 [...]

A pretty rough day on Wednesday, although the GMI is still  at 6.  Only 12-23% of the stocks in the Nasdaq 100, S&P 500 and Dow 30 indexes advanced.  But there were still 204 new highs in my universe of 4,000 stocks.  The GMI-S fell to 50, signifying that only one half of the short [...]

The GMI is still 6.  Only 42% of the Nasdaq 100 stocks advanced on Tuesday, along with 45% of the S&P 500 stocks and 37% of the Dow 30 stocks.  Still, there were 231 new highs and only 20 new lows in my universe of 4,000 stocks.  Only 64% of the Nasdaq 100 stocks closed [...]

The GMI is still 6, as 68% of the Nasdaq 100 stocks rose on Monday, along with 60% of the S&P 500 stocks and 50% of the Dow 30 stocks.  Only 153 stocks in my universe of 4,000 stocks hit a new high.  Monday was the 51st day of the current QQQQ up-trend and the [...]

The GMI is still 6.  There were 457 new yearly highs in my universe of 4,000 stocks.  81% of the Nasdaq 100 stocks rose on Thursday, along with 69% of the S&P 500 stocks and 53% of the Dow 30 stocks.  68% of the IBD 100 stocks from 10/16 rose and there were 22 new [...]

The GMI is still at a maximum of 6.  There were 364 new yearly highs in my universe of 4,000 stocks.  63% of the Nasdaq 100 stocks advanced on Wednesday, along with 58% of the S&P 500 and 70% of the Dow 30 stocks.  58% of the IBD 100 list stocks from 10/16 rose and [...]