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I managed to steal a few minutes before I start my vacation to
update the GMI. It is still +3 after a strong day today. 80% of the Nasdaq 100 stocks rose, along with 86% of the S&P500 and 93% of the Dow 30 stocks. The Daily SPY Index is too close to call but the QQQQ looks like it is still in a down trend (D-3). I could easily be wrong, but this looks to me like a weak bounce from the selling of last week. The QQQQ volume on the rebound is a lot lower than when it declined. It would take a close or two above 37.75 on the QQQQ (now at 37.15) to turn my daily indicator positive.
I am a little worried (conundrum?) about interest rates. 
The short term interest rate indicator gapped higher today to yet another new peak. (Click on chart to enlarge.) I think we will know in a few days whether the speculators are right. I don’t think it is good for equities.
I will post again Friday evening.
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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.