GMI: +6; Rally continues

The GMI is still at +6, as this rally continues to roll on.  Gmi1119 There were 121 successful 10 day new highs–stocks that reached a new high ten days ago and closed higher on Monday than they closed ten days earlier.  There were again more than 300 new highs (311) in my universe of 4,000 stocks.  53% of stocks are now in a short term up-trend and 60% closed above their ten week moving averages.  Three times as many stocks are within 5% of a new high than a new low (25% vs. 8%).  Between 63-66% of the Nasdaq 100, S&P 500 and Dow 30 stocks advanced on Monday.  Monday was the fifteenth day of the QQQQ rally (U-15).

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