The GMI and GMI-R continue at 1/6 and 10%. There were 577 new lows in my universe of 4,000 stock on Tuesday, more than there were at the bottom last August. Only 8% of the Nasdaq 100 stocks closed above their 30 day averages, also lower than the number last August. On Tuesday, 36% of the stocks in the Nasdaq 100 index rose, along with 55% of the S&P500 and 67% of the Dow 30 stocks. The QQQQ is lying on support and we will have to see whether this index holds. The QQQQ is in its 8th day of a short term decline. The Nasdaq 100 index contains no financials; all of the other major market indexes that contain financials have broken below their key 30 week averages. I am still mainly in cash.