GMI: +6; Up trend continues

The GMI remains at +6.  There were 541 new highs and only 12 new lows in my universe of 4,000 sotcks on Monday.  Gmi0109 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.

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