GMI: 6; RATE climbs; CEPH–another cup with handle?

The GMI is still 6. There were a healthy 379 new 52 week highs in my universe of 4,000 stocks. Gmi0206_1 44% of the Nasdaq 100 stocks advanced, along with 61% of the S&P 500 and 53% of the Dow 30 stocks.  Tuesday was  the third day (U-3) in the current QQQQ up-trend.   But its 10, 30 and 50 day averages are flat and almost identical.  RATE, the stock I discussed on Sunday evening,  broke out of a cup with handle formation on high volume on Tuesday. CEPH appears to be another cup with handle formation in the making, with a possible break out point of 78.40.

See my disclaimers in my prior post.

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