While the GMI is still at 6, the market looks weak to me. Yes, there were 332 new yearly highs in my universe of 4,000 stocks. But only 14% of the Nasdaq 100 stocks advanced on Thursday, along with just 26% of the S&P 500 stocks and 37% of the Dow 30 stocks. And only 29% of the IBD 100 stocks from 11/20 rose. And GOOG closed below its 30 day average, as did RIMM (barely). And AAPL fell 3.1%. When the market leaders can’t command higher prices, it bodes poorly for the other troops. So I am back to 70% cash as I wait to see if the market up-trend is ending. QID, the inverse ultra QQQQ ETF that is designed to increase as the QQQQ falls, increased 1.35% on Thursday on the highest up volume since this ETF was launched in September. A lot of money is betting that the QQQQ will decline–as have I. I have been slowly transferring my money from QLD to QID. This QQQQ up-trend at 78 days is looking mighty tired to me….