GMI=1 and RED; Day 1 of $QQQ short term down-trend; 3 days in a row with more yearly lows than highs; only 21 stocks reached ATHs on Friday, QQQ now closed below 4wk avg. Be very careful.

If the GMI should register 0, I would exit the market in all of my accounts. Market will break out of this consolidation one way or the other, probably this week. Only oil and shipping related stocks have multiple stocks hitting ATHs. T2108 at 31% shows NYSE stocks are technically weak.