GMI:+6; breakout stocks doing well

The GMI remains at a maximum +6.  There were 503 new 52 week highs in my universe of 4,000 stocks on Thursday, the most since late January.  However, only 33% of the Nasdaq 100 stocks advanced, less then the 58% of the S&P 500 stocks and 63% of the Dow 30 stocks.  Gmi0316 The Nasdaq 100 is in its third day (U-3) of the new short term up-trend.  41% of stocks are in a short term up trend and 65% closed above their 10 week averages. Meanwhile, many of the break out stocks I mentioned yesterday have done well……

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