The GMI is still at 5, but the GMI-S fell to 69. There was considerable weakness in the QQQQ and IJR short term indicators. But there were 114 new highs in my universe of 4,000 stocks. 26-43% of the stocks in the Nasdaq 100, S&P500 and Dow 30 stocks rose on Monday. Only 27 of the 100 stocks in the new IBD 100 list posted on 10/2 advanced. So again the IBD 100 stocks underperformed the stocks in the major indexes. Seven of the IBD 100 stocks did hit a new high on Monday: TNL, GYMB, PHLY, ENR, LIFC, PRFT, and SYX. Monday was the 31st day in the QQQQ up-trend, which is still intact. Hopefully, a weak Ocotber will set up a nice end of year rally.
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