The GMI is still 6. 59% of the Nasdaq 100 stocks rose on Friday, along with 46% of the S&P 500 stocks and 60% of the Dow 30 stocks. There were 346 new 52 week highs in my universe of 4,000 stocks. 68% of the Nasdaq 100 stocks closed above their 30 day averages, still below the peak of 79% last November 16 and 88% on October 16. Friday was the 84th day in the current QQQQ up-trend.
I added to my IBD 100 performance table the new IBD 100 list published today. 44% of the stocks on the list from 12/18 rose on Friday and 18 of them hit a new 52 week high. 88% of the stocks on the new list closed above their 30 day averages, substantially better than the other IBD 100 lists in the table. With the exception of the stocks on the list published on 5/16, the majority of the IBD 100 stocks closed higher than they did on the date their list was published. In contrast, more of the stocks in the Nasdaq 100 index (59) advanced on Friday.