The GMI remains zero, but the more sensitive GMI-R rose to 1 out of 10. There were 29 new highs and 90 new lows in my universe of 4,000 stocks on Thursday. The Worden T2108 indicator shows that 46% of NYSE stocks closed above their 40 day averages. This indicator is now up from a low of 18% on January 22. Still, tech stocks lag, with only 31% of the Nasdaq 100 stocks closing above their 30 day averages. I remain mainly in cash, but vigilant for signs of a change in trend. Thursday was the 20th day in the current QQQQ short term down-trend.