The GMI is back to a maximum of 6. GOOG, AAPL, GRMN and FTO (I own some of these) remain strong. Maybe we will get that earnings release rally this month.
Dr. Wish
GMI: 5; AAPL to folllow RIMM’s lead?
The GMI is back to 5. The SPY and DIA are weak. The Nasdaq 100 stocks are showing the most strength. It will be interesting to see whether AAPL follows RIMM’s lead next week.
GMI: 4; GMI-S: 31; GRMN and MR strong
The Nasdaq stocks really strengthened on Wednesday and that index is in its 60th day of an up-trend. 
There were 80 new highs but 92 new lows in my universe of 4,000 stocks. The Nasdaq 100 index is much stronger than the Dow and S&P 500 indexes. The GMI is back to a definite 4. My covered call positions are holding up, with the exception of the IOC debacle I wrote about yesterday. I bought back some of my IOC calls and sold the shares at a large loss. I probably will close out all of the shares and calls tomorrow.
GRMN continues to climb and I own some shares of this company. I think we are getting a rally based on anticipated good earnings to be released on August 1. I also own some MR, which is showing major strength.
See my disclaimers on the previous post.