The GMI and GMI-R remain at zero. There were 5 new highs and 185 new lows in my universe of 4,000 stocks on Friday.
The Worden T2108 indicator (% of NYSE stocks above their 40 day moving average) is at 11%, still in bottom territory. The QQQQ completed the 54th day of its short term down-trend on Friday. Only 68% of the NASDAQ 100 stocks have a MACD above their signal line, down from 94% a week ago. So the technicals have weakened somewhat. I see no reason to change my strategy from remaining mostly in cash with a few select shorts.