The GMI is still at +6, but there are signs of weakening. 
There were only 125 new highs and while there were 152 successful 10 day highs, they represented only 43% of the 353 stocks that hit a new high ten days ago. Thus, buying stocks hitting new highs ten days ago was profitable in less than one half of the stocks. We are in the 32nd day of this up trend (U-32) , and there are signs of weakening. Only 44% of the Nasdaq 100 stocks advanced on Thursday, along with 35% of the S&P 500 and 37% of the Dow 30 stocks. Only 52% of the stocks in my universe of 4,000 are in a short term up trend (down from 65% at the beginning of December), and 70% of stocks closed above their 10 week averages. Only 12% of the stocks that have doubled in the past year hit a new high on Thursday and only 25% of all stocks are within 5% of hitting a new high. I continue getting stopped out of my weakening positions, but will buy them back should they strengthen. We may need a decline to set up an early January rally. My strategy is to keep my sell stops tight and hold off on new purchases for now………………..
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