GMI:+6; Large caps weaken

The GMI remains at +6, but the large cap stocks have weakened, at least in the short term.  The GMI-S has fallen to 50, primarily because the Dow 30  and the S&P 500 indexes have declined.  Gmi0407 Only 20% of the Nasdaq 100 stocks rose on Friday along with just 13% of the S&P 500 stocks and 10%  of the Dow 30 stocks.  Friday was the ninth day in the QQQQ short term up trend (U-9).  Most of the indicators in the table declined.  But the QQQQ remains in a nice up trend, having completed its second consecutive week above its 10 week moving average. 

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