More than 4x more new lows than new highs on Thursday. GMI-2 is down to 3 (of 8).
GMI declines to 3, T2108 to 34%; IBD sees market uptrend under pressure
There were more than twice as many stocks at new 52 week lows than new highs on Wednesday. The Worden T2108 indicator, at 34%, is still in neutral territory. IBD lowered its market outlook. With the GMI at 3, I am becoming more cautious and not taking on any new positions.
42nd day of QQQ short term up-trend; FB and DG–successful re-test of green line break-out
FB appears to have had a successful re-test of its green line break-out to all-time highs. Check out this weekly chart.
As has DG.
