There were 3 new highs and 103 new lows in my universe of 4,000 stocks on Tuesday. The GMI and GMI-R both declined. But the QQQQ short term up-trend completed its 5th day. I hold a little QLD and have a close sell stop in case the QQQQ declines more. Note that MYGN and SXCI held up on a down day. I remain mainly in cash.
We are in Intermediate wave (5) of Primary wave {1} of Cycle wave c – still a ways to go before the next turn.