The GMI remains on a Sell signal and I am 100% in cash. The major indexes are in Stage IV Weinstein down-trends. I see no reason to be in this market except on the short side. But the holiday season is a nice time to just take a break from trading. The NYSE is in a BWR down-trend. Note the transition from an RWB up-trend to a BWR down-trend.
The Dow Jones 20 Transportation index looks even worse.
And then there is the wounded leader, AAPL.