The GMI rose to +1, but it is too early to tell if this reversal will hold. Two other indicators are too close to call (?). Next week should provide more clarity, after end of quarter window dressing is over and new earnings are anticipated. 96-100% of stocks in the QQQQ, SPY and DIA indexes rose on Thursday. There were 96 new highs and 48 new lows in my universe of nearly 4,000 stocks. There were 6 new highs in the IBD 100 list from 5/15: GRMN, EXPD, LVS, CLDN, LIFC, OII. If this turn is for real, these stocks may be among the new leaders.
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