The GMI and GMI-R remain at zero. There were 25 new highs and 609 new lows in my universe of 4,000 stocks on Monday. The Worden T2108 is now at 21%, near the area where prior bottoms have occurred. In addition, the VIX, CBOE volatility index, is now at 31.7, also in bottom territory. Finally, the short term interest index is screaming an interest rate cut. Note the huge gap down on Monday.
Tuesday should be a critical day, one worth watching the Fed from the sidelines. If you heeded the GMI and this blog, you should have been protected from most of this carnage. I remain mainly in cash.