GMI: 6; GMI-S: 100; IBD 100 stocks lag

@ 6:41 am

The GMI remains at 6, and the GMI-S is at 100 for the first time since October 31.   Gmi1116_1 There were 426 new yearly highs in my universe of 4,000 stocks.   61% of the Nasdaq 100 stocks rose on Thursday, along with 71% of the S&P 500 and 73% of the Dow 30 stocks.   However, only 43% of the IBD 100 stocks from 10/16 advanced, suggesting some weakness in growth stocks.   Thursday was the 64th day (U-64) in the current QQQQ up-trend and the 14th weekly close above its 10 week average……..

GMI: 6; GMI-S: 94; IBD 100 stocks vs. the Nasdaq 100; How much better can this market get?

@ 6:02 am

The GMI is 6 with the GMI-S now at 94.   All four short term indicators are positive for each of the four indexes except for the DIA.   Gmi1115_1 There were 497 new highs in my universe of 4,000 stocks on Wednesday, the largest number since   April 19.   57-64% of the stocks in the Nasdaq 100, S&P 500 and Dow 30 indexes advanced.   63% of stocks in my universe are now in a bullish trend, the highest percentage since I began tracking this indicator on June 9.   Wednesday was the 63rd day in this QQQQ up-trend.

The IBD 100 stocks are performing at about the level of the Nasdaq 100 stocks.   Ibdperf1115_1 65-74% of the stocks on four recent IBD 100 lists advanced on Wednesday, compared with 64% of the Nasdaq 100 stocks.   A greater percentage of the stocks on the IBD 100 lists from 10/2 (20) and 10/16 (23) hit new highs than did the Nasdaq 100 stocks (14).   For the first time, the majority of stocks in three of the lists closed higher than they did on the day the list was first published and the majority of the stocks on all four IBD 100 lists closed above their average price for the past 30 days.

During the market top in 2000, I sold out some stocks when I   had the feeling that making money was too easy.   The way my account has been growing recently, I am starting to get the same feeling.   How much better can this market get?

GMI: 6; GMI-S: 88;

@ 12:01 am

The GMI is back to 6 and 74-77% of the stocks in the Nasdaq 100, S&P 500 and Dow 30 indexes advanced on Tuesday.   Gmi1114_1 There were 399 new highs in my universe of 4,000 stocks.   85%of the IBD 100 stocks from 10/16 advanced and 21 of them hit a new yearly high.   Tuesday was the 62nd day of the current QQQQ up-trend and the GMI-S rose to 88 as the four short term indicators for the IJR are now positive.