The GMI held at 6 and 60-65% of the stocks in the Nasdaq 100, S&P 500 and Dow 30 indexes advanced on Wednesday. 
There were 269 new highs in my universe of 4,000 stocks. Only 53% of the IBD 100 stock list from 10/16 rose and only 3 hit new highs (LVS, CELG and ICLR). Wednesday was the 58th day of the current up-trend in the QQQQ. The QLD ETF that tries to achieve double the returns of the QQQQ rose 1.35% Wednesday, compared with a rise of .47% for the QQQQ. Since August 16, the QQQQ has risen 11.5% while the QLD has risen 22.7%. Only 12 of the Nasdaq 100 stocks (and 26 of the S&P 500 stocks) rose more than the QLD. With these odds it makes little sense to me to trade individual stocks? Clearly, the QLD is the way to go as long as one is in an up-trend.