GMI: +5; Some strengthening

The GMI rebounded to +5 on Wednesday.  Gmi1221 There were 125 new highs in my universe of 4,000 stocks and 56% successful ten day highs.  The Daily QQQQ Index remains negative, however. Between 60-63% of the Nasdaq 100, S&P 500 and Dow 30 stocks advanced on Wednesday.  Only 33% of stocks are in a short term up trend, but other indicators were stronger. Wednesday was the 2nd day in the QQQQ down trend (D-2).  I remain in cash and on the side lines.

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