GMI: +6; techs lead advance

The GMI remains at a maximum of +6 and the QQQQ is in its eighth day of its short term up trend (U-8) .  All systems are go with the leaders, GOOG and AAPL, moving up again.  Gmi0406_1 It has been a long time since the indexes have been in "harmoney."  The QQQQ is about to complete its second weekly close above its ten week average, the sine qua non for tech stock trading profits on the long side.  51% of the Nasdaq 100 stocks rose on Thursday, along with 39% of the S&P 500 stocks and 20% of the Dow 30 stocks.  I am taking advantage of this up trend while it lasts, probably until first quarter earnings are all released.  Don’t forget the market maxim, "go away in May."  We must watch closely for a top in the tech leaders after April.

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