GMI falls to +4; Getting defensive

The GMI declined on Tuesday.  Break out stocks are failing.  Only 41% of the stocks that hit a new high ten days ago closed higher Tuesday than they did ten days earlier.  Gmi0411 The Daily SPY index turned negative and the GMI-S fell to 38.  Between 13-23% of the stocks in the QQQQ, DIA and SPY rose on Tuesday.  Only the majority (75%) of the short term indicators for the QQQQ remain positive.  While the short term up trend in the QQQQ is still intact, I am raising stops and becoming defensive………

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