The GMI remains at one. Only 35-40% of the stocks in the Nasdaq 100, S&P 500 and Dow 30 stock indexes rose on Wednesday. There were only 49 new highs in my universe of 4,000 stocks and 31 new lows. Only 11% of these stocks are in a short term uptrend and only 34% closed above their 10 week averages. 
The QQQQ and SPY are in their second week below their 10 week averages. The QQQQ down trend is in its 7th day. I am mainly in cash and looking for shorts.
See my disclaimers at the bottom of my prior post.