The GMI and GMI-R remain at their maximum levels. There were 122 new highs and 53 new lows in my universe of 4,000 stocks on Thursday. Thursday was the 38th day of the QQQQ up-trend.
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GMI: 6; GMI-R: 10; 37th day of QQQQ up-trend
The GMI and GMI-R remain at their maximum levels. There were 181 new highs and 40 new lows in my universe of 4,000 stocks on Wednesday. This was the largest number of new highs since November 6, 2007. Wednesday was the 37th day of the current QQQQ up-trend.
GMI: 6; GMI-R: 10; CPST rocks, QLD and DZZ
The GMI and GMI-R are back to their maximum readings. There were 149 new highs and 47 new lows in my universe of 4,000 stocks on Wednesday. CPST continues to climb on high volume. I am sitting back and riding QLD, as well as a number of growth stocks. I also am ultra short gold with DZZ.