The GMI and GMI-R each rose one, to 3 and 4, respectively. There were 71 new highs and 153 new lows in my universe of 4,000 stocks on Tuesday. The markets are right on the edge of the cliff. They will either launch a nice bounce from here or fall through support. I am holding hedged positions and waiting for a clear signal from the market. The dollar seems to be holding and gold and silver look like they have broken their short term up-trends. It is time to just wait for options expiration on Friday and for the market to reveal its near term direction.