Dr. Wish

The GMI and GMI-R are each 2.  QQQQ daily and weekly trends remain down.  Time to be short or in cash.

The GMI and GMI-R are each 1.  There were 51 new highs and 425 new lows in my universe of 4,000 stocks on Tuesday.  Only 16% of the Nasdaq 100 stocks closed above their 30 day averages, the lowest percentage since March 10.  The Worden T2108 indicator is now at 19%, getting close to bottom area. After 4 down days, the QQQQ will most likely bounce on Wednesday.  This may be an opportunity to short the market (or buy QID) at higher levels. The daily and weekly trends of the QQQQ are now down.

The GMI and GMI-R remain at 2 each.  There were 90 new highs and 337 new lows in my universe of 4,000 stocks on Monday.  Monday was the 9th day of the current QQQQ down-trend.  CPST still rocks.