GMI: +6 No change in trend; GOOG, XWG, GLW, SWN

Even though the markets declined Tuesday, I find no change in trend.  Only 32% of the Nasdaq 100 stocks rose, compared to 21% of the S&P 500 stocks and 17% of the Dow 30 stocks.  There were 155 new yearly highs and and only 34 new lows. Gmi913  78% of the stocks that hit new highs 10 days ago closed higher Tuesday than 10 days earlier.  And stocks in a short term up-trend rose to 56%.  Tuesday was day 6 (U-6) in the QQQQ up-trend…….

Even on this weak day, GOOG managed to rise and came close to its all-time high.  XWG and GLW and SWN also rose.  XWG is showing some high volume up days–worth watching, especially if it breaks 14.75. (I own GOOG, GLW and XWG.)

Please send me your feedback at: silentknight@wishingwealthblog.com.

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