The market continues to recover, with the T2108 well into neutral territory. It remains to be seen whether the market can break through its longer term averages. Meanwhile, the GMMA monthly chart below shows that QSII has emerged from a multi-month base. Judy and I have been talking about QSII for some time, and I currently own some of QSII. (Click on chart to enlarge.) With the GMI at 1, I remain very cautious.