There were 4 new highs and 188 new lows in my universe of 4,000 stocks on Thursday. My moving averages are flat and the market is going back and forth. It remains to be seen whether the current QQQQ short term up-trend will hold. I remain mainly in cash.
No changes in GMI and GMI-R; gold and silver strong
The market is marking time. The GMI and GMI-R were unchanged, along with the T2108 indicator. There were only 2 new highs and 108 new lows in my universe of 4,000 stocks on Wednesday. Gold (GLD) and silver (SLV) continue to advance. I remain mainly in cash.
QQQQ still in short term up-trend; mainly on cash
There were 3 new highs and 103 new lows in my universe of 4,000 stocks on Tuesday. The GMI and GMI-R both declined. But the QQQQ short term up-trend completed its 5th day. I hold a little QLD and have a close sell stop in case the QQQQ declines more. Note that MYGN and SXCI held up on a down day. I remain mainly in cash.