This is a very split market with the Nasdaq 100 stocks being laggards. 
The GMI is still 5 and there were 461 new 52 week highs in my universe of 4,000 stocks. But only 49% of the Nasdaq 100 stocks rose on Thursday, compared with 73-74% of the S&P 500 and Dow 30 stocks. GOOG has now fallen, along with RIMM and AAPL. When the strongest stocks weaken, the rest of the market usually cannot keep rising. But all of my short term indicators for SPY, DIA and IJR are positive. Will the QQQQ follow or lead these other ETF’s?
