GMI is still at zero. On Friday there were 24 new highs and 143 new lows in my universe of nearly 4,000 stocks. 33-50% of the stocks in the QQQQ, SPY and DIA advanced. Indicators are off of their lowest levels of the past few weeks. Friday was the 31st day (D-31) of the current QQQQ down-trend. We have completed 7 weeks with the QQQQ below its 10 week average. It will take some time for the trend to reverse. I remain mainly in cash with a few put options in my IRA.
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