The GMI remains at +6. There were 541 new highs and only 12 new lows in my universe of 4,000 sotcks on Monday. Between 59%-64% of the stocks in the Nasdaq 100, S&P 500 and Dow 30 indexes advanced. 76% of the stocks that hit a new high 10 days ago closed higher on Monday than they closed 10 days earlier. More than one half of stocks (53%) are now in a short term up trend and 78% closed above their 10 week averages. 37% of the stocks that have doubled the past year hit a new high on Monday. An amazing 35% of all stocks are within 5% of a yearly high and oly 3% are close to a new low. Monday was day 3 (U-3) of the QQQQ up trend.
Please send your comments to: firstname.lastname@example.org.