There were 5 new highs and 145 new lows in my universe of 4,000 stocks on Wednesday. The QQQQ short term down-trend continues, now in its 42nd day. LPHI hit a new high on Wednesday, and is still showing unusual strength. It also traded within $0.24 of its all-time high. The major promising technical sign I found today was that about 60% of the NASDAQ 100 stocks and S&P500 stocks are now trading with their MACD above its signal lines. This is a sign of underlying technical strength not seen since last August. In contrast, on October 10th only 1% of stocks had MACD's above their signal lines. I remain short and mainly in cash.