The GMI remains at +3, but there were a lot of new highs (333) on Tuesday. 62% of the Nasdaq 100 stocks advanced, along with 67% of the S&P 500 stocks and 53% of the Dow 30 stocks. The percentage of stocks in a short term up trend declined to 49%. But 71% of the 4,000 stocks in my universe remain above their 10 week averages. Still, the daily QQQQ and SPY indexes remain negative and Tuesday was the second day of the QQQQ short term down trend.
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