The GMI is back to zero as few stocks rose on Monday. Only 3-6% of the stocks in the Nasdaq 100, S&P 500 and Dow 30 groups advanced. 
There were 49 new highs and 75 new lows in my universe of 4,000 stocks. Only 18% of the Nasdaq 100 stocks closed above their 30 day averages. Monday was the seventeenth day (D-17) in the current short term down trend in the QQQQ……..
The IBD 100 stocks seriously weakened on Monday, as did my universe of stocks. 
Only 10% of the stocks in my universe rose, along with 7% of the IBD 100 stocks. 1% of my universe of stocks hit a new high, and 4% of the IBD 100 stocks. Only 28% of both stock groups closed above their critical 30 day averages. 28% of my universe of stocks closed above their 10 week averages, compared with 39% of the IBD 100 stocks. Only 20% of the IBD 100 stocks closed higher than they did on 5/15 when they were published on the IBD 100 list. The growth stocks typified by the IBD 100 have become decimated by the current decline……
The GMI has been weak since May 14, when I went to cash and/or short. It took me 40 years to learn not to fight declining markets like this. Only Cramer and mutual fund managers have to stay invested. For me, it is time to be in cash or short. I will wait for the GMI to rise to at least +4 before I risk my money on the long side. It looks like the "go away in May" slogan has some merit again this year.
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