Dr. Wish

The GMI is still 6.  59% of the Nasdaq 100 stocks rose on Friday, along with 46% of the S&P 500 stocks and 60% of the Dow 30 stocks.  There were 346 new 52 week highs in my universe of 4,000 stocks. 68% of the Nasdaq 100 stocks closed above their 30 day averages, still below the peak of 79% last November 16 and 88% on October 16.  Friday was the 84th day in the current QQQQ up-trend.

I added to my IBD 100 performance table the new IBD 100 list published today.  44% of the stocks on the list from 12/18 rose on Friday and 18 of them hit a new 52 week high.  88% of the stocks on the new list closed above their 30 day averages, substantially better than the other IBD 100 lists in the table. With the exception of the stocks on the list published on 5/16,  the majority  of the IBD 100 stocks closed higher than they did on the date their list was published.   In contrast, more of the stocks in the Nasdaq 100 index (59) advanced on Friday.

The GMI is 6 and the GMI-S climbed to 81.  The trend is still intact and Thursday was the 83rd day of the QQQQ up-trend.  There were 389 new 52 week highs in my universe of 4,000 stocks.  85% of the Nasdaq 100 stocks rose, along with 79% of the S&P 500 stocks and 90% of the Dow 30 stocks.  70% of the IBD 100 stocks from 11/20 rose and 13 hit a new high.  RIMM rose nicely Thursday, but AAPL and GOOG lagged.

The GMI is still 6.   39% of the Nasdaq 100 stocks advanced on Wednesday, along with 50% of the S&P 500 stocks and 40% of the Dow 30 stocks. There were 266 new 52 week highs in my universe of 4,000 stocks. 47% of the stocks on the IBD 100 list from 11/20 advanced and only 8 of them hit a new high.    Wednesday was the 82nd day in the QQQQ up-trend.   AAPL and RIMM appeared to bounce off of major moving averages on Wednesday, but GOOG continued to weaken.   This market has yet to tip its hand.