GMI: +5; GMI-S: 69; All but QQQQ in up trend

The GMI remains at +5, even as the QQQQ remains in a down trend.  There were Gmi0216327 new 52 week highs in my universe of 4,000 stocks.  All indexes but the daily QQQQ index are positive.  The QQQQ is in its 10th day (D-10) of a short term down trend.  Some of the old leaders came to life on Thursday (GOOG +24.08; AAPl +1.35).  31% of stocks are now within 5% of their yearly highs………

A number of foreign banks have been especially strong:  BBD, UBB, CIB, ITU. Among Dow stocks, even GM, VZ, MRK and DIS appear to have turned up. 70% of the Dow 30 stocks are now above their 30 day averages, compared with 55% of Nasdaq 100 stocks and 63% of the S&P 500 stocks.

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