The GMI and GMI-R are still zero. Wednesday was the 19th day in the current QQQQ short term down-trend. There were 26 new highs and 57 new lows in my universe of 4,000 stocks on Thursday. Five of the stocks at new highs were on the IBD 100 stock lists I have been following: BLK, RATE, SID, TNE, PRXL. I am still mainy in cash and am monitoring the down-tend.
GMI: 0; GMI-R: 0; only 21 new highs and 24 lows on Tuesday; mainly in cash
The GMI and GMI-R remain at zero. There were only 21 new highs and 24 new lows in my universe of 4,000 stocks on Tuesday. Tuesday was the 18th day in the current QQQQ short term down-trend. The Worden T2108 indicator is now at 36%, up from 18% on January 22. It is nice to be on the sideline, in cash.
GMI: 0; GMI-R: 0; 17th day of QQQQ down-trend
The GMI and GMI-R remain at zero. There were 19 new highs and 45 new lows in my universe of 4,000 stocks on Monday. Monday was the 17th day of the current QQQQ short-term down-trend.