The GMI fell to 5, as only 47% of the stocks that hit a new high 10 days ago closed higher today than they did ten days ago. 
The GMI-S also fell to 69, with weakness in short term indicators for all but the DIA. In addition, the Worden Indicator of the percentage of stocks above their 40 day averages has now declined t0 60% after hitting a toppy 80.62% in mid-April. It is not too late for the "sell in May" crowd to be right. A top in May is still possible…….
