GMI: 4; GMI-R: 7; 14 IBD100 new highs; Sir Silent Knight

The GMI remains at 4, but the GMI-R fell one to 7.  There were 61 new highs and 57 new lows in my universe of 4,000 stocks on Wednesday. Gmi0409
There were 14 new highs in the several lists of IBD 100 stocks I have followed over the past year:  MOS,COG,CF,SCHN,VIVO,HK,
MT,POT,NBL,KWK,NEU, MTL, OIL, MA. Many of these are oil, steel, and agriculture stocks, and  have been leaders for months. The QQQQ is in the 12th day  of its short term up-trend.  The QQQQ and SPY are still above their 10 week averages, so I am still riding this up-trend.  But with so many down days, it is getting harder to stay on the long side.  For those of you who use TC2007, my Sir Silent Knight submission containing my propositions for trading was published in the Worden  Report this evening.  Check it out.

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