The GMI is still 6, but only 19-20% of the stocks in the Nasdaq 100, S&P 500 and Dow 30 indexes advanced on Wednesday. The trend in these indexes remains up.
The GMI remains at 6. 71% of the Nasdaq 100 stocks closed on Thursday above their 30 day averages, the largest percentage since February 22. It will be interesting to see how stocks react to earnings as they are released later this month.