GMI: +6; Market bounced back

The markets strengthened on Thursday and the GMI remained at +6.  Gmi0119 There were 341 new highs in my universe of 4,000 stocks.  62% of the stocks that hit new highs ten days ago closed higher on Thursday than they did ten days ago.  77% of the Nasdaq 100 stocks advanced, along with 64% of the S&P 500 stocks and 53% of the Dow 30 stocks.  Thursday was the tenth day of the QQQQ up trend (U-10).

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