To my visitors: I am only one trader, not a guru, and not a financial advisor. I am presenting my own opinions and my own experiences and people are welcome to decide for themselves what, if anything, on this site is of value to them. Please refer to the additional comments, highlighted in red, at the end of this post.
The GMI rebounded to +3 today. 
There were 103 successful 10 day highs and 101 new highs today. Today was the second day of the decline (D-2). The percentage of stocks that closed above their 10 week average declined to 68%. All QQQQ and SPY indicators are negative.
I remain mostly in cash and am looking for possible shorts. There is a story that when one of the Rothschild’s was asked why he was so successful, he replied that he always sold too soon. I clearly sold GOOG too soon. I sold not because of any technical weakness in GOOG, but because my market indicators turned down. I don’t want to own any stocks when my general market indicators are weak.
I also went to cash because I will be away from the market and my computer for a few days. It will be nice to take a few days off. I will post again this weekend and wish you all a successful trading week. It will be nice to have Alan G. and this quarter behind us.
Send your feedback and questions to: silentknight@wishingwealthblog.com.
Please remember that the stock market is a risky place, especially now. I am not providing recommendations for you to follow. My goal is to share tools and methods that I have used over the past 40 years of trading, so that you may learn from them and adapt them to your trading style and needs. While I do my best, I do not guarantee the accuracy of any statistics computed or any resources linked to my blog. Please consult with your financial adviser and a mental health practitioner before you enter the stock market, and please do not take unaffordable risks in the current market environment. See the About section for more statements designed to protect you (and me) as you navigate this market. Past performance does not guarantee future results, but I would rather learn from a former winner than a loser.