The GMI fell to 3 and could go to 2 with a decline on Tuesday. Time to be defensive, not a hero. Only the Nasdaq 100 (QQQQ) is holding up.
Dr. Wish
GMI: 4; Critical week coming
The GMI is back to 4 and I am worried about the coming week. Too many of my indicators could easily turn negative with a couple of down days. The IBD Mutual Fund Index is back below its 50 day average and has thus turned negative in the GMI. The QQQQ is also back below its 10 week average. If it does not regain this average this week, I will go to cash again. Stay tuned….
GMI: 5; 23 IBD100 stocks at new highs
The GMI is now at 5 and may turn 6 if we get 100 new highs on Friday in my universe of 4,000 stocks (there were 81 on Thursday), and the other five indicators stay positive. 
Thursday was the 5th day in the current QQQQ up-trend. (Click on chart to enlarge.) The following 23 of the 436 stocks in the IBD100 stock lists over the past 12 months that I follow hit a new high on Thursday:
BRLI,HMSY,FSTR,BKR,VIP,DWSN,DKS,WBD,EXM,SYNA,DRYS, ISRG,CELG,ZUMZ,NOV,SMDI,WFT,CAM,VIVO,GRMN,SII,IHS,ARD
I own a few of these stocks, some of which may become the new market leaders if this up-trend continues.
